The Goldman Sachs Group Initiates Coverage on Snowflake (NYSE:SNOW)

Equities research analysts at The Goldman Sachs Group began coverage on shares of Snowflake (NYSE:SNOW) in a research note issued on Monday, Marketbeat Ratings reports. The firm set a “buy” rating and a $250.00 price target on the stock. The Goldman Sachs Group’s price target indicates a potential upside of 19.56% from the stock’s previous close.

SNOW has been the subject of a number of other reports. Cowen restated a “buy” rating on shares of Snowflake in a research report on Thursday, December 4th. BTIG Research restated a “buy” rating and issued a $312.00 target price on shares of Snowflake in a report on Thursday, December 4th. Argus raised shares of Snowflake from a “hold” rating to a “buy” rating and set a $300.00 price target for the company in a research note on Thursday, January 8th. Wedbush reissued an “outperform” rating and issued a $270.00 price objective on shares of Snowflake in a research report on Thursday, December 4th. Finally, Guggenheim reissued a “neutral” rating on shares of Snowflake in a research note on Wednesday, November 26th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-five have given a Buy rating, four have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $275.58.

Snowflake Trading Down 5.1%

SNOW opened at $209.11 on Monday. The firm has a market cap of $71.56 billion, a P/E ratio of -51.76 and a beta of 1.14. Snowflake has a 12 month low of $120.10 and a 12 month high of $280.67. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 1.07. The stock has a 50-day moving average of $236.44 and a 200 day moving average of $229.05.

Snowflake (NYSE:SNOW) last issued its quarterly earnings data on Wednesday, December 3rd. The company reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.04. The business had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.18 billion. Snowflake had a negative return on equity of 45.91% and a negative net margin of 30.76%.The company’s quarterly revenue was up 28.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.20 earnings per share. As a group, research analysts forecast that Snowflake will post -2.36 EPS for the current year.

Insider Activity at Snowflake

In other news, EVP Christian Kleinerman sold 10,000 shares of Snowflake stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $249.53, for a total transaction of $2,495,300.00. Following the completion of the sale, the executive vice president owned 512,450 shares of the company’s stock, valued at approximately $127,871,648.50. The trade was a 1.91% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Vivek Raghunathan sold 11,801 shares of the business’s stock in a transaction that occurred on Wednesday, December 31st. The shares were sold at an average price of $220.44, for a total value of $2,601,412.44. Following the completion of the sale, the senior vice president owned 218,020 shares of the company’s stock, valued at $48,060,328.80. The trade was a 5.13% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 418,681 shares of company stock valued at $96,073,145. 6.80% of the stock is owned by insiders.

Hedge Funds Weigh In On Snowflake

A number of hedge funds and other institutional investors have recently made changes to their positions in SNOW. Vanguard Group Inc. raised its holdings in shares of Snowflake by 3.1% in the third quarter. Vanguard Group Inc. now owns 28,647,593 shares of the company’s stock valued at $6,461,465,000 after acquiring an additional 857,832 shares in the last quarter. Kingstone Capital Partners Texas LLC purchased a new stake in shares of Snowflake in the 2nd quarter worth approximately $3,900,134,000. Jennison Associates LLC lifted its position in shares of Snowflake by 13.5% in the 3rd quarter. Jennison Associates LLC now owns 9,083,889 shares of the company’s stock worth $2,048,871,000 after purchasing an additional 1,083,222 shares during the period. State Street Corp boosted its stake in shares of Snowflake by 1.4% during the second quarter. State Street Corp now owns 6,887,073 shares of the company’s stock valued at $1,541,120,000 after purchasing an additional 94,293 shares in the last quarter. Finally, Artisan Partners Limited Partnership increased its holdings in Snowflake by 15.2% during the second quarter. Artisan Partners Limited Partnership now owns 4,951,715 shares of the company’s stock valued at $1,108,045,000 after buying an additional 652,485 shares during the period. Institutional investors own 65.10% of the company’s stock.

Key Stories Impacting Snowflake

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Analyst upgrade argues upside from improving fundamentals — Seeking Alpha highlights a double upgrade to “Buy,” pointing to RPO up ~37% y/y to $7.88B, 125% net revenue retention and accelerating AI/customer demand as reasons to “buy the dip.” Article Title
• Positive Sentiment: New sell‑side coverage from Goldman Sachs is bullish — GS initiated coverage with a “Buy” and a $250 PT, signaling institutional confidence that could attract buyers if sentiment stabilizes. Article Title
• Positive Sentiment: Strategic M&A — reporting that Snowflake plans to acquire Observe (per CRN) supports its observability/monitoring capabilities for data pipelines and AI workloads, which can deepen enterprise adoption and drive stickier revenue. Article Title
• Neutral Sentiment: Macro/sector framing: MarketBeat lists Snowflake among top cross‑cloud AI plays — supportive long‑term narrative but not an immediate catalyst. Article Title
• Neutral Sentiment: Partner/ISV activity: Yuki rolling out a 14‑day Snowflake optimization trial could increase usage/efficiency for customers, but impact on revenue is uncertain and gradual. Article Title
• Neutral Sentiment: Retail/investor attention pieces from Zacks/MSN are raising visibility — can amplify volatility but not a directional catalyst by itself. Article Title
• Negative Sentiment: Key near‑term headwind: Barclays downgraded SNOW from Overweight to Equal Weight and cut its PT from $290 to $250 — traders interpret this as reduced conviction and it likely triggered some selling pressure today. Article Title

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.