Citigroup Has Lowered Expectations for Snowflake (NYSE:SNOW) Stock Price

Snowflake (NYSE:SNOW) had its target price lowered by analysts at Citigroup from $300.00 to $270.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the stock. Citigroup’s target price indicates a potential upside of 50.51% from the stock’s previous close.

A number of other research analysts have also recently issued reports on SNOW. Cantor Fitzgerald lifted their price objective on Snowflake from $275.00 to $278.00 and gave the company an “overweight” rating in a research note on Thursday, December 4th. Jefferies Financial Group set a $300.00 price target on Snowflake in a research report on Monday, November 24th. Zacks Research cut shares of Snowflake from a “hold” rating to a “strong sell” rating in a research note on Tuesday, February 3rd. BTIG Research reissued a “buy” rating and set a $312.00 price objective on shares of Snowflake in a research report on Thursday, December 4th. Finally, Monness Crespi & Hardt raised their price objective on shares of Snowflake from $260.00 to $275.00 and gave the company a “buy” rating in a research note on Thursday, December 4th. Two research analysts have rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, four have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, Snowflake currently has a consensus rating of “Moderate Buy” and a consensus price target of $269.84.

Snowflake Stock Performance

Shares of SNOW stock opened at $179.39 on Wednesday. The firm has a market capitalization of $61.39 billion, a price-to-earnings ratio of -44.40 and a beta of 1.14. The stock has a fifty day moving average of $205.20 and a 200 day moving average of $224.06. Snowflake has a 52 week low of $120.10 and a 52 week high of $280.67. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 1.07.

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

Insider Buying and Selling

In other Snowflake news, Director Michael L. Speiser sold 50,338 shares of the firm’s stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $165.22, for a total transaction of $8,316,844.36. Following the sale, the director owned 31,076 shares in the company, valued at approximately $5,134,376.72. This trade represents a 61.83% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Christian Kleinerman sold 10,000 shares of the firm’s stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $197.09, for a total transaction of $1,970,900.00. Following the sale, the executive vice president owned 461,351 shares in the company, valued at $90,927,668.59. The trade was a 2.12% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 713,681 shares of company stock worth $148,264,518. Corporate insiders own 6.80% of the company’s stock.

Hedge Funds Weigh In On Snowflake

Institutional investors have recently added to or reduced their stakes in the company. Grey Fox Wealth Advisors LLC purchased a new stake in Snowflake during the third quarter valued at $25,000. Avion Wealth increased its holdings in shares of Snowflake by 76.6% in the 2nd quarter. Avion Wealth now owns 113 shares of the company’s stock worth $25,000 after buying an additional 49 shares during the last quarter. Tripletail Wealth Management LLC bought a new stake in shares of Snowflake in the 3rd quarter worth about $28,000. Kemnay Advisory Services Inc. purchased a new stake in shares of Snowflake during the 4th quarter valued at about $28,000. Finally, Rossby Financial LCC raised its position in shares of Snowflake by 4,233.3% during the 2nd quarter. Rossby Financial LCC now owns 130 shares of the company’s stock valued at $29,000 after buying an additional 127 shares in the last quarter. Hedge funds and other institutional investors own 65.10% of the company’s stock.

More Snowflake News

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Zacks reports Snowflake has hit a roughly $100M AI run‑rate early as new AI tools and major partnerships accelerate enterprise uptake — a catalyst for upside expectations. Zacks — Snowflake Rides on Enterprise AI Adoption
• Positive Sentiment: Analyst preview pieces highlight Snowflake’s shift to an enterprise AI platform (Cortex AI, Document AI) and the reported OpenAI partnership as medium‑term revenue drivers, supporting investor optimism ahead of earnings. Seeking Alpha — AI Data Cloud Inflection Point
• Positive Sentiment: Partner and product integrations continue: KPI Partners elevated its partnership tier with Snowflake, and Liquibase extended change‑control support to Snowflake — both expand ecosystem adoption and stickiness. KPI Partners press release Liquibase — Snowflake integration
• Neutral Sentiment: Citigroup cut its price target (from $300 to $270) but kept a Buy rating — a mixed signal that reduces upside but preserves analyst support. Benzinga — Citigroup PT cut
• Neutral Sentiment: Guggenheim reaffirmed a Neutral rating; other pieces discuss likely earnings beats, keeping near‑term expectations varied. Benzinga — Guggenheim reaffirmation Zacks — earnings expectations
• Negative Sentiment: Two plaintiff firms (Pomerantz LLP and Johnson Fistel) announced investigations/solicitations for Snowflake investors — these legal developments can pressure sentiment and add uncertainty. PR Newswire — Pomerantz alert Newsfile — Johnson Fistel
• Negative Sentiment: Director Frank Slootman sold 100,000 shares (~$17.7M at the reported price), materially reducing his holdings — a large insider sale can be viewed negatively by the market. SEC Form 4 — Slootman sale
• Negative Sentiment: Mizuho lowered its price target to $220 and coverage/other notes have coincided with negative headlines; some outlets reported SNOW trading down after a downgrade — analyst downgrades and PT cuts can create short‑term selling pressure. AmericanBankingNews — Mizuho PT cut AmericanBankingNews — trading reaction

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.