Snowflake Inc. (NYSE:SNOW) Stock Has Consensus Price Target of $414.24

Shares of Snowflake Inc. (NYSE:SNOW) have been assigned a consensus recommendation of “Moderate Buy” from the forty-one research firms that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, thirty-four have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $414.24.

A number of brokerages have weighed in on SNOW. Argus raised their target price on Snowflake from $300.00 to $450.00 and gave the company a “buy” rating in a report on Friday, September 4th. BTIG Research boosted their price target on Snowflake from $340.00 to $424.00 and gave the stock a “buy” rating in a report on Thursday, September 3rd. JPMorgan Chase & Co. upped their price objective on Snowflake from $285.00 to $426.00 and gave the stock an “overweight” rating in a research report on Thursday, September 3rd. The Goldman Sachs Group raised their price objective on Snowflake from $300.00 to $436.00 and gave the company a “buy” rating in a research note on Thursday, September 3rd. Finally, Wells Fargo & Company lifted their target price on Snowflake from $500.00 to $525.00 and gave the company an “overweight” rating in a research report on Thursday, September 3rd.

Insider Buying and Selling

In related news, CRO Jonathan Beaulier sold 755 shares of the company’s stock in a transaction that occurred on Wednesday, September 23rd. The shares were sold at an average price of $336.36, for a total transaction of $253,951.80. Following the completion of the transaction, the executive directly owned 211,619 shares in the company, valued at $71,180,166.84. This represents a 0.36% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Frank Slootman sold 102,791 shares of the stock in a transaction that occurred on Monday, September 21st. The shares were sold at an average price of $335.22, for a total transaction of $34,457,599.02. Following the completion of the transaction, the director directly owned 19,024 shares of the company’s stock, valued at approximately $6,377,225.28. The trade was a 84.38% decrease in their position. 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 sold a total of 1,231,772 shares of company stock worth $386,823,616 in the last quarter. Corporate insiders own 4.80% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. QRG Capital Management Inc. lifted its stake in shares of Snowflake by 67.9% in the 2nd quarter. QRG Capital Management Inc. now owns 82,137 shares of the company’s stock valued at $20,904,000 after acquiring an additional 33,218 shares during the last quarter. Silicon Valley Capital Partners increased its holdings in Snowflake by 15.2% in the 2nd quarter. Silicon Valley Capital Partners now owns 62,087 shares of the company’s stock worth $15,801,000 after purchasing an additional 8,208 shares in the last quarter. Wellington Altus USA Inc. acquired a new position in Snowflake in the 2nd quarter worth about $102,000. Anchor Investment Management LLC bought a new position in Snowflake in the second quarter valued at about $76,000. Finally, Sequoia Financial Advisors LLC raised its position in Snowflake by 14.2% in the second quarter. Sequoia Financial Advisors LLC now owns 39,598 shares of the company’s stock valued at $10,078,000 after purchasing an additional 4,927 shares during the last quarter. 65.10% of the stock is currently owned by institutional investors and hedge funds.

Key Snowflake News

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: UiPath integration and BDO expansion: UiPath announced expanded work with BDO USA and a deeper integration with Snowflake, reinforcing Snowflake’s role in enterprise data and AI workflows. UiPath and Snowflake Jump 5% on UiPath’s BDO and Snowflake Updates
• Positive Sentiment: Customer adoption: Experian is expanding its use of Snowflake capabilities, providing evidence of continued adoption among large enterprises. Experian expands Snowflake capabilities
• Positive Sentiment: AI growth narrative: Snowflake’s World Tour and upcoming industry presentations emphasize helping companies move AI projects from experimentation into production. Coverage also highlights tools such as Liquibase Secure on the Snowflake Marketplace, supporting data governance and enterprise readiness. Snowflake to showcase enterprise AI production
• Positive Sentiment: Analyst support: Phillip Securities upgraded Snowflake to “strong-buy,” while bullish valuation commentary points to substantial potential upside if revenue growth and AI monetization continue. Snowflake upgraded to Strong Buy
• Neutral Sentiment: Large capital raise: Snowflake priced $3.75 billion of zero-coupon convertible senior notes—$2.0 billion due in 2029 and $1.75 billion due in 2031. The financing avoids cash interest and provides capital for growth, but conversion could dilute shareholders. Snowflake Prices Upsized Private Placement
• Negative Sentiment: Valuation and dilution concerns: Commentary questions whether Snowflake’s elevated valuation is justified by current sales, while investors remain focused on potential dilution from the convertible notes. Shares initially slipped after the offering was announced. Snowflake prices $3.75 billion convertible debt offering

Snowflake Price Performance

Shares of NYSE:SNOW opened at $340.61 on Friday. The firm has a 50 day moving average of $322.17 and a 200-day moving average of $240.91. Snowflake has a 12 month low of $118.30 and a 12 month high of $384.56. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 1.06. The stock has a market capitalization of $120.17 billion, a PE ratio of -107.11 and a beta of 1.33.

Snowflake (NYSE:SNOW) last posted its quarterly earnings results on Wednesday, September 2nd. The company reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.17. Snowflake had a negative net margin of 20.07% and a negative return on equity of 46.32%. The business had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.48 billion. During the same quarter last year, the business posted $0.35 EPS. The firm’s revenue for the quarter was up 35.1% on a year-over-year basis. On average, equities research analysts predict that Snowflake will post -1.46 EPS for the current fiscal year.

About Snowflake

Snowflake Inc (NYSE: SNOW) provides a cloud-based data platform that enables organizations to store, process, analyze and share data. Its platform is designed to support data warehousing, data lakes, data engineering, data science, application development and artificial intelligence workloads in a single environment.

Snowflake’s services include cloud data storage and computing, data sharing and collaboration tools, governance and security capabilities, and access to third-party data through the Snowflake Marketplace.