Snowflake (NYSE:SNOW) Given “Buy” Rating at TD Cowen

Snowflake (NYSE:SNOW)‘s stock had its “buy” rating reiterated by research analysts at TD Cowen in a research note issued on Wednesday,Benzinga reports. They currently have a $300.00 price target on the stock. TD Cowen’s price objective would suggest a potential upside of 20.32% from the company’s current price.

A number of other analysts have also issued reports on SNOW. Deutsche Bank Aktiengesellschaft increased their price target on shares of Snowflake from $230.00 to $250.00 and gave the stock a “buy” rating in a research report on Thursday, May 28th. Barclays upped their price objective on shares of Snowflake from $192.00 to $272.00 and gave the company an “equal weight” rating in a research note on Thursday, May 28th. Oppenheimer increased their target price on shares of Snowflake from $250.00 to $295.00 and gave the stock an “outperform” rating in a research report on Thursday, May 28th. Canaccord Genuity Group lifted their target price on shares of Snowflake from $240.00 to $325.00 and gave the company a “buy” rating in a research note on Thursday, May 28th. Finally, Guggenheim restated a “neutral” rating on shares of Snowflake in a report on Wednesday, February 18th. One analyst has rated the stock with a Strong Buy rating, thirty-five have issued a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $288.10.

Snowflake Stock Down 4.5%

NYSE:SNOW traded down $11.81 during trading hours on Wednesday, hitting $249.33. 2,232,341 shares of the company’s stock traded hands, compared to its average volume of 7,425,633. The firm has a market cap of $86.19 billion, a P/E ratio of -70.83 and a beta of 1.35. Snowflake has a twelve month low of $118.30 and a twelve month high of $284.99. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.30 and a current ratio of 1.05. The stock’s fifty day moving average price is $158.80 and its two-hundred day moving average price is $190.47.

Snowflake (NYSE:SNOW) last announced its quarterly earnings data on Wednesday, May 27th. The company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.07. Snowflake had a negative return on equity of 50.50% and a negative net margin of 23.79%.The firm had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.32 billion. During the same period last year, the company posted $0.24 EPS. The business’s quarterly revenue was up 33.5% compared to the same quarter last year. On average, research analysts expect that Snowflake will post -2.15 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Frank Slootman sold 437,076 shares of Snowflake stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $252.43, for a total value of $110,331,094.68. Following the transaction, the director owned 38,046 shares of the company’s stock, valued at $9,603,951.78. This trade represents a 91.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Christian Kleinerman sold 5,000 shares of the company’s stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $236.77, for a total transaction of $1,183,850.00. Following the sale, the executive vice president directly owned 528,494 shares of the company’s stock, valued at approximately $125,131,524.38. This represents a 0.94% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 1,416,489 shares of company stock valued at $310,023,119 in the last quarter. Company insiders own 4.80% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Norges Bank bought a new position in shares of Snowflake in the fourth quarter worth about $974,091,000. Jennison Associates LLC boosted its stake in Snowflake by 27.7% during the 4th quarter. Jennison Associates LLC now owns 11,603,302 shares of the company’s stock valued at $2,545,300,000 after purchasing an additional 2,519,413 shares during the period. Coatue Management LLC acquired a new stake in Snowflake in the 3rd quarter valued at approximately $441,277,000. Jericho Capital Asset Management L.P. bought a new position in Snowflake in the 4th quarter worth approximately $345,619,000. Finally, American Century Companies Inc. increased its position in Snowflake by 233.3% in the 3rd quarter. American Century Companies Inc. now owns 2,104,925 shares of the company’s stock worth $474,766,000 after buying an additional 1,473,354 shares during the period. Institutional investors and hedge funds own 65.10% of the company’s stock.

Key Headlines Impacting Snowflake

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Needham raised its price target on Snowflake to $330 from $300 and kept a buy rating, signaling confidence in further upside after the company’s strong recent momentum.
• Positive Sentiment: BTIG also boosted its price target to $325 from $280 and reiterated a buy rating, adding to the bullish analyst response around SNOW.
• Positive Sentiment: Coverage around Snowflake’s recent earnings and Summit 26 continues to highlight rapid adoption of new AI-native products like Snowflake Intelligence and Cortex Code, which is supporting the growth story. The 5 Most Interesting Analyst Questions From Snowflake’s Q1 Earnings Call
• Positive Sentiment: Snowflake’s ecosystem keeps expanding, with partners such as Greybeam, NIQ, BlueCloud, phData, and others announcing new products, awards, and integrations on Snowflake Marketplace, reinforcing the company’s central role in enterprise AI. Greybeam Launches Cost Observability Tool on Snowflake Marketplace NIQ Named 2026 Retail & Consumer Goods Snowflake Product Partner of the Year
• Neutral Sentiment: Several reports also noted major Snowflake Summit 26 product announcements around governance, interoperability, and AI agents, which are strategically important but still early in their market impact. Snowflake Advances Trusted AI with Snowflake Horizon Catalog Centralizing Governance, Context, and Security Across the Enterprise Snowflake Pioneers New Open Framework for Interoperable Enterprise Data and AI
• Negative Sentiment: Insider sales by directors Frank Slootman and Mark Garrett may slightly weigh on sentiment, even though the transactions were disclosed and one was under a pre-arranged trading plan.

Snowflake Company Profile

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.