Snowflake (NYSE:SNOW) Price Target Lowered to $200.00 at KeyCorp

Snowflake (NYSE:SNOW) had its price objective decreased by investment analysts at KeyCorp from $235.00 to $200.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. KeyCorp’s price objective indicates a potential upside of 47.69% from the company’s current price.

Other equities analysts have also issued reports about the company. Needham & Company LLC dropped their price target on Snowflake from $280.00 to $200.00 and set a “buy” rating for the company in a research note on Thursday, February 26th. TD Cowen lowered their target price on Snowflake from $270.00 to $255.00 and set a “buy” rating for the company in a research report on Thursday, February 26th. JPMorgan Chase & Co. cut their target price on shares of Snowflake from $268.00 to $245.00 and set an “overweight” rating for the company in a report on Thursday, February 26th. Stifel Nicolaus set a $205.00 price target on shares of Snowflake in a research report on Thursday, February 26th. Finally, The Goldman Sachs Group decreased their target price on shares of Snowflake from $286.00 to $246.00 and set a “buy” rating for the company in a research report on Wednesday, February 11th. One analyst has rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, Snowflake currently has an average rating of “Moderate Buy” and a consensus price target of $245.97.

Snowflake Price Performance

Shares of NYSE:SNOW opened at $135.42 on Wednesday. The firm has a market cap of $46.81 billion, a price-to-earnings ratio of -34.28 and a beta of 1.23. The firm has a fifty day moving average price of $165.26 and a 200 day moving average price of $210.40. Snowflake has a fifty-two week low of $118.30 and a fifty-two week high of $280.67. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.30 and a current ratio of 1.30.

Snowflake (NYSE:SNOW) last announced its quarterly earnings results on Wednesday, February 25th. The company reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.05. Snowflake had a negative net margin of 28.43% and a negative return on equity of 50.61%. The company had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.25 billion. During the same period in the previous year, the firm posted $0.30 EPS. Snowflake’s revenue for the quarter was up 30.1% compared to the same quarter last year. As a group, sell-side analysts expect that Snowflake will post -2.36 earnings per share for the current fiscal year.

Insider Transactions at Snowflake

In other news, EVP Christian Kleinerman sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $197.09, for a total value of $1,970,900.00. Following the completion of the sale, the executive vice president directly owned 461,351 shares in the company, valued at $90,927,668.59. This represents a 2.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Frank Slootman sold 200,000 shares of Snowflake stock in a transaction that occurred on Tuesday, January 20th. The stock was sold at an average price of $206.77, for a total value of $41,354,000.00. Following the transaction, the director owned 50,329 shares in the company, valued at approximately $10,406,527.33. The trade was a 79.89% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 594,313 shares of company stock worth $108,831,780 in the last ninety days. Insiders own 6.80% of the company’s stock.

Institutional Investors Weigh In On Snowflake

A number of hedge funds have recently modified their holdings of the company. Sumitomo Mitsui Trust Group Inc. lifted its position in Snowflake by 1.1% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 732,092 shares of the company’s stock valued at $165,123,000 after buying an additional 8,002 shares during the last quarter. Federated Hermes Inc. raised its stake in shares of Snowflake by 13.5% in the 3rd quarter. Federated Hermes Inc. now owns 408,037 shares of the company’s stock valued at $92,047,000 after acquiring an additional 48,411 shares during the period. William Blair Investment Management LLC acquired a new position in shares of Snowflake in the 3rd quarter worth approximately $116,882,000. Penserra Capital Management LLC lifted its holdings in shares of Snowflake by 32.8% in the 3rd quarter. Penserra Capital Management LLC now owns 153,358 shares of the company’s stock worth $34,586,000 after acquiring an additional 37,911 shares during the last quarter. Finally, Vanguard Group Inc. increased its holdings in Snowflake by 3.1% in the 3rd quarter. Vanguard Group Inc. now owns 28,647,593 shares of the company’s stock valued at $6,461,465,000 after purchasing an additional 857,832 shares during the last quarter. Hedge funds and other institutional investors own 65.10% of the company’s stock.

Trending Headlines about Snowflake

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Third‑party healthcare AI agents and apps are being deployed directly inside Snowflake (Penguin AI launched prior‑auth and medical‑coding Snowflake‑native apps), supporting the narrative that Snowflake’s Marketplace and platform are becoming an execution layer for AI workloads — a potential long‑term revenue catalyst. Is Snowflake Quietly Shifting From Data Warehouse To Healthcare AI Execution Platform?
• Positive Sentiment: Analyst/retail commentary pitching Snowflake as a recovery play amid the “SaaSpocalypse” has re‑ignited buying interest and helped drive a recent sector‑wide rebound that lifted cloud/software names, including SNOW. Buy This 1 Stock for Triple-Digit Gains as It Recovers From the “Saaspocalypse”
• Neutral Sentiment: Comparisons and analyst pieces (e.g., Planet Labs vs. Snowflake, and a Seeking Alpha trade‑oriented note) highlight that SNOW’s valuation and sentiment have materially reset — this can mean larger short‑term volatility but also potential option‑strategy opportunities for traders. Planet Labs vs. Snowflake: Which AI Data Stock Has an Edge Now? Snowflake: Sentiment Broke – I Prefer Selling Puts Here
• Neutral Sentiment: Local government use cases (e.g., Montana expanding rural services with data tools) show steady enterprise demand for data management, but these are smaller, incremental proofs of adoption rather than immediate material revenue drivers. Data Management Tools Help Montana Expand Rural Services
• Negative Sentiment: A large cluster of securities‑litigation notices and newly filed class actions (multiple law firms reminding investors of an April 27, 2026 lead‑plaintiff deadline) have created a meaningful legal overhang; these allege disclosure failures for the June 27, 2023–Feb 28, 2024 period and can pressure the stock via uncertainty and potential future costs. LEVI & KORSINSKY, LLP: SNOW DISCLOSURE TIMELINE REVEALS PATTERN OF ALLEGED INVESTOR HARM SNOW Deadline: Rosen Law Firm
• Negative Sentiment: Reports tying a customer data breach at Rockstar Games to a Snowflake instance (multiple outlets) raise security and contract‑risk questions; even if Snowflake is not directly at fault, the headlines increase short‑term risk premium on the stock. Snowflake-Linked Hack Hits Rockstar Games Rockstar confirms hack

About Snowflake

Snowflake Inc is a cloud-native data platform company that provides a suite of services for storing, processing and analyzing large volumes of data. Its core offering, often described as the Snowflake Data Cloud, combines data warehousing, data lake and data sharing capabilities in a single managed service delivered across major public cloud providers. The platform is designed to support analytics, data engineering, data science and application workloads with a focus on scalability, concurrency and simplified administration.

Key products and capabilities include a multi-cluster, shared-data architecture that separates compute from storage; continuous data ingestion and streaming; support for structured and semi-structured data formats; tools for data governance, security and compliance; and developer frameworks for building data applications.