Mizuho Lowers Snowflake (NYSE:SNOW) Price Target to $220.00

Snowflake (NYSE:SNOW) had its price target lowered by Mizuho from $285.00 to $220.00 in a research report issued on Tuesday, Marketbeat.com reports. The firm presently has an “outperform” rating on the stock. Mizuho’s price objective indicates a potential upside of 24.89% from the company’s current price.

A number of other research firms have also recently weighed in on SNOW. Piper Sandler restated an “overweight” rating and issued a $285.00 price target on shares of Snowflake in a report on Thursday, December 4th. Citizens Jmp upped their target price on Snowflake from $283.00 to $325.00 and gave the company a “market outperform” rating in a report on Tuesday, October 28th. Royal Bank Of Canada set a $245.00 price target on Snowflake in a research note on Wednesday, February 11th. Zacks Research lowered shares of Snowflake from a “hold” rating to a “strong sell” rating in a research report on Tuesday, February 3rd. Finally, Oppenheimer reissued an “outperform” rating on shares of Snowflake in a research note on Friday, November 21st. Two investment analysts have rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating, four have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $271.97.

Snowflake Price Performance

Snowflake stock opened at $176.15 on Tuesday. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.37 and a current ratio of 1.37. Snowflake has a one year low of $120.10 and a one year high of $280.67. The company has a market cap of $60.28 billion, a P/E ratio of -43.60 and a beta of 1.14. The business has a fifty day moving average of $206.03 and a two-hundred day moving average of $224.37.

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

Insiders Place Their Bets

In related news, Director Michael L. Speiser sold 50,338 shares of the stock in a transaction dated Friday, December 5th. The stock was sold at an average price of $230.65, for a total transaction of $11,610,459.70. Following the transaction, the director directly owned 32,756 shares in the company, valued at approximately $7,555,171.40. This represents a 60.58% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Vivek Raghunathan sold 11,801 shares of the firm’s stock in a transaction dated Wednesday, December 31st. The stock was 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 directly owned 218,020 shares in the company, valued at approximately $48,060,328.80. The trade was a 5.13% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 613,681 shares of company stock valued at $130,573,518. Insiders own 6.80% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Vanguard Group Inc. boosted its holdings in shares of Snowflake by 5.1% in the 4th quarter. Vanguard Group Inc. now owns 30,095,687 shares of the company’s stock valued at $6,601,790,000 after purchasing an additional 1,448,094 shares during the last quarter. Jennison Associates LLC boosted its holdings in Snowflake by 27.7% in the fourth quarter. Jennison Associates LLC now owns 11,603,302 shares of the company’s stock valued at $2,545,300,000 after acquiring an additional 2,519,413 shares during the last quarter. State Street Corp grew its position in 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 acquiring an additional 94,293 shares during the period. Nuveen LLC increased its stake in Snowflake by 2.3% during the fourth quarter. Nuveen LLC now owns 5,277,851 shares of the company’s stock worth $1,157,749,000 after acquiring an additional 116,521 shares during the last quarter. Finally, Artisan Partners Limited Partnership raised its holdings in shares of Snowflake by 15.2% in the 2nd quarter. Artisan Partners Limited Partnership now owns 4,951,715 shares of the company’s stock worth $1,108,045,000 after purchasing an additional 652,485 shares during the period. 65.10% of the stock is currently owned by hedge funds and other institutional investors.

Key Snowflake News

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Snowflake is being highlighted as a key AI infrastructure play and pushing partner momentum — positive for long-term demand and adoption. Snowflake Is Unlocking AI’s Future—And For Partners, There’s No Time Like The Present
• Positive Sentiment: Coverage noting AI is redefining cloud competition frames Snowflake as a beneficiary of rising enterprise AI adoption. How AI Is Redefining Enterprise Cloud Competition
• Positive Sentiment: Product update: Snowflake’s new coding agent is getting positive coverage from product leadership — supports execution narrative and could help near-term developer adoption. Snowflake’s new coding agent is in a category of its own, says head of product
• Positive Sentiment: Analysts and newsletters continue to flag Snowflake as an AI/cloud pick and expect an earnings beat — that supports upside if results match or exceed expectations. Snowflake Inc. (SNOW) Expected to Beat Earnings Estimates
• Neutral Sentiment: Citigroup trimmed its price target to $270 but kept a Buy rating — still implies substantial upside vs. current levels, though the cut lifts near-term caution. Benzinga Citigroup PT cut
• Neutral Sentiment: Goldman Sachs and Mizuho also reduced price targets (to $246 and $220 respectively) while keeping constructive ratings — signals analysts expect slower near-term multiple expansion but still see medium-term fundamentals. Goldman Sachs Reduces PT on Snowflake
• Neutral Sentiment: Guggenheim reaffirmed a Neutral rating — mixed signals from the sell side are increasing short-term volatility risk. Benzinga Guggenheim reaffirmed
• Negative Sentiment: Competitive pressure: Google Cloud rolled out a BigQuery global queries feature and the market flagged this as a direct competitive threat, which has pressured Snowflake shares. Snowflake stock falls amid Google’s new BigQuery global queries feature
• Negative Sentiment: Legal risk: Pomerantz LLP opened an investigation into Snowflake investor claims — introduces potential litigation risk and short-term downside if concerns escalate. INVESTOR ALERT: Pomerantz Law Firm Investigates Claims
• Negative Sentiment: Sector headwinds: recent weakness in other AI/software names (e.g., Palo Alto) and daily share declines in Snowflake coverage pieces are amplifying risk-off flows in cloud stocks. Palo Alto shares sink as AI hits software stocks

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.