Snowflake Inc. (NYSE:SNOW) Stock Has Average Price Target of $413.87

Snowflake Inc. (NYSE:SNOW) has been assigned a consensus rating of “Moderate Buy” from the forty-two analysts that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and thirty-six have given a buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $413.87.

Several equities analysts have recently weighed in on SNOW shares. Cantor Fitzgerald increased their price objective on shares of Snowflake from $405.00 to $430.00 and gave the company an “overweight” rating in a research report on Thursday, September 3rd. Piper Sandler reissued an “overweight” rating and set a $450.00 price target (up from $320.00) on shares of Snowflake in a report on Thursday, September 3rd. Rosenblatt Securities boosted their target price on shares of Snowflake from $285.00 to $345.00 and gave the company a “buy” rating in a research report on Tuesday, September 1st. Canaccord Genuity Group lifted their price objective on shares of Snowflake from $325.00 to $450.00 and gave the stock a “buy” rating in a research note on Thursday, September 3rd. Finally, Phillip Securities downgraded shares of Snowflake from a “strong-buy” rating to a “moderate buy” rating in a research report on Monday, October 12th.

Insider Buying and Selling at Snowflake

In other news, Director Mark Garrett sold 50,000 shares of the firm’s stock in a transaction dated Friday, September 4th. The stock was sold at an average price of $350.00, for a total transaction of $17,500,000.00. Following the completion of the transaction, the director directly owned 10,074 shares in the company, valued at $3,525,900. This trade represents a 83.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Christian Kleinerman sold 25,000 shares of the stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $325.00, for a total value of $8,125,000.00. Following the sale, the executive vice president owned 340,379 shares of the company’s stock, valued at approximately $110,623,175. The trade was a 6.84% 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 1,246,429 shares of company stock worth $408,832,628 in the last 90 days. Corporate insiders own 4.80% of the company’s stock.

Institutional Investors Weigh In On Snowflake

Several large investors have recently made changes to their positions in SNOW. Reyes Financial Architecture Inc. bought a new position in shares of Snowflake during the 3rd quarter worth $32,000. Mather Group LLC. boosted its stake in Snowflake by 98.0% during the third quarter. Mather Group LLC. now owns 101 shares of the company’s stock valued at $34,000 after buying an additional 50 shares during the period. Ninety One UK Ltd purchased a new position in Snowflake in the 3rd quarter worth approximately $36,000. Fortitude Family Office LLC raised its position in Snowflake by 146.7% during the third quarter. Fortitude Family Office LLC now owns 111 shares of the company’s stock valued at $38,000 after purchasing an additional 66 shares in the last quarter. Finally, GK Wealth Management LLC bought a new position in shares of Snowflake during the 3rd quarter valued at about $41,000. 65.10% of the stock is owned by hedge funds and other institutional investors.

Snowflake Stock Performance

Shares of SNOW opened at $337.55 on Wednesday. The company’s fifty day simple moving average is $331.81 and its 200 day simple moving average is $238.20. Snowflake has a 1-year low of $118.30 and a 1-year high of $384.56.

Snowflake (NYSE:SNOW) last issued its earnings results on Wednesday, September 2nd. The company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.17. The firm had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.48 billion. During the same quarter last year, the business posted $0.35 earnings per share. The company’s revenue for the quarter was up 35.1% on a year-over-year basis. Equities analysts forecast that Snowflake will post -1.42 earnings per share for the current fiscal year.

More Snowflake News

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Oracle partnership expands distribution: Snowflake AI Data Cloud will become a native, first-party service on Oracle Cloud Infrastructure. The integration gives enterprise customers more flexibility to deploy data and AI workloads and could broaden Snowflake’s reach and usage. Oracle Expands Native AI and Data Services on OCI with Snowflake
• Positive Sentiment: Enterprise AI momentum remains the primary catalyst: Rising customer adoption, AI-driven growth and an upbeat fiscal 2027 outlook are supporting the view that Snowflake can compete effectively with larger cloud and infrastructure companies such as Broadcom and Oracle. Snowflake also claims its AI model-routing technology can improve token efficiency. SNOW Rides on Strong Enterprise AI Push
• Positive Sentiment: International expansion and ecosystem activity: Snowflake announced a projected $300 million investment in Saudi Arabia operations, while third-party applications such as Jade Global’s OmniLens AI and Optimove’s zero-copy audience tools are expanding use cases on the Snowflake platform. These developments may support future workloads and customer retention. Snowflake announces projected $300 million investment in Saudi Arabia operations
• Neutral Sentiment: Analyst sentiment is supportive but not conclusive: The average analyst price target implies approximately 28% upside, and some strategists prefer Snowflake among AI-related software names. However, consensus targets and brokerage recommendations are imperfect indicators and may already be reflected in the recent rally. How Much Upside is Left in Snowflake
• Negative Sentiment: Valuation and insider selling warrant caution: Despite improved growth expectations, Snowflake remains unprofitable on a trailing basis, and reports of insider share sales could weigh on sentiment. The stock also trades near the upper end of its 12-month range, leaving it sensitive to any slowdown in AI demand or weaker guidance. Insiders Are Selling These 5 AI Stocks

About Snowflake

Snowflake Inc is a cloud-based data platform company that helps organizations store, process, analyze and share data across public cloud environments. Its platform is designed to support data warehousing, data lakes, data engineering, data applications and analytics without requiring customers to manage the underlying hardware or software infrastructure.

Snowflake offers services for data sharing and collaboration, allowing organizations to securely exchange data with internal teams, customers, partners and third-party providers.