Monness Crespi & Hardt Increases Snowflake (NYSE:SNOW) Price Target to $282.00

Snowflake (NYSE:SNOW) had its target price lifted by equities researchers at Monness Crespi & Hardt from $275.00 to $282.00 in a research report issued on Thursday, MarketBeat reports. The firm presently has a “buy” rating on the stock. Monness Crespi & Hardt’s price objective would suggest a potential upside of 67.44% from the company’s previous close.

A number of other equities research analysts have also recently weighed in on the company. Wells Fargo & Company cut their price target on Snowflake from $290.00 to $210.00 and set an “overweight” rating on the stock in a report on Thursday. Wedbush restated an “outperform” rating and issued a $270.00 target price on shares of Snowflake in a research report on Thursday, December 4th. Robert W. Baird lifted their target price on Snowflake from $260.00 to $270.00 and gave the company an “outperform” rating in a research note on Thursday, December 4th. Guggenheim reiterated a “neutral” rating on shares of Snowflake in a research report on Wednesday, February 18th. Finally, Jefferies Financial Group set a $300.00 price target on Snowflake in a research note on Monday, November 24th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, four have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, Snowflake has an average rating of “Moderate Buy” and a consensus target price of $248.58.

Snowflake Stock Performance

Shares of SNOW opened at $168.42 on Thursday. The firm has a fifty day moving average of $198.95 and a 200-day moving average of $222.58. The company has a market cap of $57.63 billion, a price-to-earnings ratio of -42.64 and a beta of 1.14. 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 1 year low of $120.10 and a 1 year high of $280.67.

Snowflake (NYSE:SNOW) last released its quarterly earnings data on Wednesday, February 25th. The company reported $0.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.05. The business had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.25 billion. Snowflake had a negative net margin of 28.43% and a negative return on equity of 48.50%. The company’s revenue for the quarter was up 30.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.30 EPS. As a group, equities analysts anticipate that Snowflake will post -2.36 earnings per share for the current year.

Insider Transactions at Snowflake

In related news, SVP Vivek Raghunathan sold 11,801 shares of Snowflake stock in a transaction dated Wednesday, December 31st. The stock was sold at an average price of $220.44, for a total transaction of $2,601,412.44. Following the transaction, the senior vice president directly owned 218,020 shares of the company’s stock, valued at $48,060,328.80. The trade was a 5.13% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Frank Slootman sold 200,000 shares of the business’s stock in a transaction dated Thursday, December 18th. The stock was sold at an average price of $221.83, for a total transaction of $44,366,000.00. Following the completion of the sale, the director owned 50,329 shares in the company, valued at approximately $11,164,482.07. This trade represents a 79.89% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 713,681 shares of company stock worth $148,264,518. Corporate insiders own 6.80% of the company’s stock.

Institutional Trading of Snowflake

Several institutional investors and hedge funds have recently added to or reduced their stakes in SNOW. Sumitomo Mitsui Trust Group Inc. boosted its position in Snowflake by 1.1% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 732,092 shares of the company’s stock worth $165,123,000 after acquiring an additional 8,002 shares during the period. Federated Hermes Inc. lifted its position in shares of Snowflake by 13.5% in the third quarter. Federated Hermes Inc. now owns 408,037 shares of the company’s stock worth $92,047,000 after purchasing an additional 48,411 shares in the last quarter. Penserra Capital Management LLC boosted its holdings in shares of Snowflake by 32.8% during the third quarter. Penserra Capital Management LLC now owns 153,358 shares of the company’s stock worth $34,586,000 after purchasing an additional 37,911 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Snowflake by 3.1% during the third quarter. Vanguard Group Inc. now owns 28,647,593 shares of the company’s stock worth $6,461,465,000 after purchasing an additional 857,832 shares during the period. Finally, Rheos Capital Works Inc. grew its position in Snowflake by 102.9% during the third quarter. Rheos Capital Works Inc. now owns 207,000 shares of the company’s stock valued at $46,689,000 after purchasing an additional 105,000 shares in the last quarter. 65.10% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting Snowflake

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Q4 beat and healthy demand: Snowflake reported ~30% y/y revenue growth and an EPS beat, with improving cash flow and strong customer metrics that underpin medium‑term revenue momentum. Snowflake Stock Surges After Q4 Revenue Jumps 30%, EPS Tops Estimates
• Positive Sentiment: AI positioning and market opportunity: Management highlighted agentic AI capabilities, partnerships (OpenAI/Anthropic integrations) and accelerating enterprise AI adoption — including faster growth in India — supporting a durable addressable market for Snowflake’s data cloud. Snowflake sees high levels of AI adoption among India Inc; country growth faster than global
• Positive Sentiment: Market technical/bull case: Some analysts and MarketBeat argue the sell‑off is overdone, institutions have been accumulating, and Snowflake’s cross‑cloud data position makes it central to AI workflows — a potential catalyst for a recovery. Is Snowflake’s Stock Meltdown Over? Signs Point to a Bottom
• Neutral Sentiment: Analyst repositioning: Many firms kept Buy/Overweight ratings but trimmed price targets after the quarter (UBS, Morgan Stanley, JPMorgan, Canaccord, etc.), leaving a mix of upside potential and reduced near‑term analyst support. These Analysts Slash Their Forecasts On Snowflake After Q4 Results
• Negative Sentiment: Mixed outlook disappointed some investors: Management’s FY27 product revenue guide (~27%) was viewed as conservative relative to some buyside expectations, contributing to a share pullback despite the beat. Snowflake’s stock dips as the software company gives a mixed outlook
• Negative Sentiment: Rising legal risk: Multiple law firms and class‑action notices were filed or publicized this week, creating legal overhang and increasing near‑term uncertainty for shareholders. Deadlines for lead‑plaintiff filings are being emphasized. Bronstein, Gewirtz & Grossman LLC Urges Snowflake Inc. Investors to Act: Class Action Filed
• Negative Sentiment: Profitability concerns persist: Commentary (e.g., Motley Fool) notes that while growth is strong, durable GAAP profitability remains elusive — a point that keeps some investors sidelined despite the AI narrative. Why I’m Still Not Buying Snowflake Stock

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.