Piper Sandler Cuts Snowflake (NYSE:SNOW) Price Target to $230.00

Snowflake (NYSE:SNOW) had its target price decreased by Piper Sandler from $285.00 to $230.00 in a research note issued to investors on Thursday,Benzinga reports. Piper Sandler currently has an overweight rating on the stock.

Several other equities research analysts have also issued reports on SNOW. Stifel Nicolaus lowered their target price on shares of Snowflake from $280.00 to $225.00 and set a “buy” rating on the stock in a research note on Monday, February 23rd. Argus upgraded Snowflake from a “hold” rating to a “buy” rating and set a $300.00 price target on the stock in a research report on Thursday, January 8th. Bank of America raised their price objective on Snowflake from $280.00 to $310.00 and gave the company a “buy” rating in a report on Monday, November 17th. Deutsche Bank Aktiengesellschaft upped their target price on Snowflake from $250.00 to $275.00 and gave the stock a “buy” rating in a research note on Thursday, December 4th. Finally, Royal Bank Of Canada set a $245.00 price target on shares of Snowflake in a research note on Wednesday, February 11th. Two investment analysts have rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, four have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, Snowflake has a consensus rating of “Moderate Buy” and a consensus price target of $248.58.

Snowflake Trading Down 2.7%

Shares of NYSE:SNOW opened at $168.42 on Thursday. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 1.07. Snowflake has a 12-month low of $120.10 and a 12-month high of $280.67. The business has a 50 day moving average of $198.95 and a two-hundred day moving average of $222.78. The company has a market capitalization of $57.63 billion, a PE ratio of -42.64 and a beta of 1.14.

Snowflake (NYSE:SNOW) last posted its earnings results on Wednesday, February 25th. The company reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.05. Snowflake had a negative net margin of 28.43% and a negative return on equity of 48.50%. The firm had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.25 billion. During the same period in the previous year, the firm earned $0.30 EPS. The business’s quarterly revenue was up 30.1% on a year-over-year basis. As a group, analysts forecast that Snowflake will post -2.36 EPS for the current year.

Insider Buying and Selling at Snowflake

In other news, Director Frank Slootman sold 100,000 shares of the company’s stock in a transaction on Wednesday, February 18th. The shares were sold at an average price of $176.91, for a total transaction of $17,691,000.00. Following the completion of the sale, the director owned 50,329 shares of the company’s stock, valued at $8,903,703.39. This represents a 66.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Michael L. Speiser sold 403 shares of the firm’s stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $165.22, for a total transaction of $66,583.66. Following the completion of the transaction, the director directly owned 23,718 shares in the company, valued at approximately $3,918,687.96. This represents a 1.67% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 713,681 shares of company stock worth $148,264,518. Company insiders own 6.80% of the company’s stock.

Hedge Funds Weigh In On Snowflake

A number of institutional investors have recently added to or reduced their stakes in SNOW. Grey Fox Wealth Advisors LLC acquired a new stake in shares of Snowflake in the 3rd quarter worth $25,000. Tripletail Wealth Management LLC acquired a new stake in Snowflake during the third quarter worth about $28,000. Kemnay Advisory Services Inc. purchased a new position in Snowflake during the fourth quarter worth about $28,000. Rossby Financial LCC boosted its holdings in Snowflake by 4,233.3% in the 2nd quarter. Rossby Financial LCC now owns 130 shares of the company’s stock valued at $29,000 after purchasing an additional 127 shares during the last quarter. Finally, Greenline Wealth Management LLC purchased a new stake in shares of Snowflake in the 4th quarter valued at approximately $29,000. 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: 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

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.