Snowflake (NYSE:SNOW) Price Target Raised to $270.00

Snowflake (NYSE:SNOW) had its price objective lifted by analysts at Benchmark from $200.00 to $270.00 in a report issued on Thursday,Benzinga reports. The firm currently has a “buy” rating on the stock. Benchmark’s price objective points to a potential upside of 54.64% from the company’s current price.

SNOW has been the subject of a number of other reports. The Goldman Sachs Group upped their price objective on Snowflake from $216.00 to $278.00 and gave the stock a “buy” rating in a research note on Thursday. Oppenheimer restated a “buy” rating on shares of Snowflake in a research note on Thursday, February 26th. Raymond James Financial restated an “outperform” rating and set a $275.00 price objective on shares of Snowflake in a research note on Thursday. Citizens Jmp reissued a “market outperform” rating and set a $325.00 target price on shares of Snowflake in a research report on Tuesday, May 19th. Finally, Scotiabank decreased their target price on shares of Snowflake from $290.00 to $205.00 and set a “sector outperform” rating for the company in a research report on Thursday, February 26th. One investment analyst has rated the stock with a Strong Buy rating, thirty-four have assigned a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $258.82.

Snowflake Price Performance

Shares of SNOW stock opened at $174.60 on Thursday. Snowflake has a twelve month low of $118.30 and a twelve month high of $280.67. The stock has a market capitalization of $60.36 billion, a price-to-earnings ratio of -44.20 and a beta of 1.08. The stock has a fifty day simple moving average of $153.75 and a two-hundred day simple moving average of $190.65. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 1.18.

Snowflake (NYSE:SNOW) last issued its earnings results on Wednesday, May 27th. The company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.07. Snowflake had a negative return on equity of 50.61% and a negative net margin of 28.43%.The business had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.32 billion. During the same period in the prior year, the business earned $0.24 EPS. The business’s revenue for the quarter was up 33.5% compared to the same quarter last year. On average, analysts predict that Snowflake will post -2.16 EPS for the current fiscal year.

Insider Transactions at Snowflake

In other news, EVP Christian Kleinerman sold 10,000 shares of the stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $165.01, for a total value of $1,650,100.00. Following the transaction, the executive vice president directly owned 510,477 shares of the company’s stock, valued at approximately $84,233,809.77. This represents a 1.92% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Vivek Raghunathan sold 3,876 shares of the firm’s stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $152.80, for a total value of $592,252.80. Following the sale, the senior vice president directly owned 273,323 shares in the company, valued at approximately $41,763,754.40. This trade represents a 1.40% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 428,963 shares of company stock valued at $71,996,216 over the last three months. Company insiders own 4.80% of the company’s stock.

Institutional Trading of Snowflake

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Brighton Jones LLC boosted its stake in shares of Snowflake by 90.0% during the 4th quarter. Brighton Jones LLC now owns 61,885 shares of the company’s stock worth $9,556,000 after acquiring an additional 29,320 shares in the last quarter. Intech Investment Management LLC increased its position in shares of Snowflake by 24.0% during the first quarter. Intech Investment Management LLC now owns 11,202 shares of the company’s stock worth $1,637,000 after purchasing an additional 2,167 shares in the last quarter. Geneos Wealth Management Inc. increased its position in shares of Snowflake by 29.7% during the first quarter. Geneos Wealth Management Inc. now owns 319 shares of the company’s stock worth $47,000 after purchasing an additional 73 shares in the last quarter. Flow Traders U.S. LLC purchased a new stake in shares of Snowflake during the second quarter worth approximately $221,000. Finally, The Manufacturers Life Insurance Company boosted its stake in Snowflake by 7.2% during the second quarter. The Manufacturers Life Insurance Company now owns 22,603 shares of the company’s stock worth $5,055,000 after buying an additional 1,521 shares during the last quarter. 65.10% of the stock is owned by institutional investors and hedge funds.

More Snowflake News

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Snowflake reported Q1 fiscal 2027 earnings of $0.39 per share, topping estimates of $0.32, on revenue of $1.39 billion versus expectations of $1.32 billion, with product revenue up 34% year over year. Snowflake Reports Financial Results for the First Quarter of Fiscal 2027
• Positive Sentiment: The company raised its annual product revenue forecast, signaling stronger-than-expected demand from enterprises adopting AI-driven workloads and cloud migrations. Snowflake raises annual product revenue forecast as enterprises ramp up AI workloads
• Positive Sentiment: Snowflake announced a five-year, $6 billion strategic collaboration with AWS, including spending tied to Graviton processors and AI infrastructure, which investors see as a major validation of its AI expansion plans. Snowflake signs $6 billion deal with AWS tied to AI infrastructure
• Positive Sentiment: Snowflake also disclosed plans to acquire Natoma, an enterprise AI-agent connectivity platform, to strengthen its governance and identity layer for agentic AI use cases. Snowflake Announces Intent to Acquire Natoma, Providing Secure Connectivity For The Agentic Enterprise

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.