Snowflake (NYSE:SNOW) Price Target Raised to $325.00

Snowflake (NYSE:SNOW) had its target price lifted by KeyCorp from $285.00 to $325.00 in a report issued on Thursday morning, MarketBeat Ratings reports. The brokerage currently has an overweight rating on the stock.

Several other research firms have also commented on SNOW. Benchmark boosted their price target on Snowflake from $200.00 to $270.00 and gave the stock a “buy” rating in a research report on Thursday, May 28th. Truist Financial raised their price objective on Snowflake from $275.00 to $300.00 and gave the company a “buy” rating in a research report on Friday, June 5th. Loop Capital lifted their target price on Snowflake from $290.00 to $320.00 and gave the company a “buy” rating in a research note on Wednesday, June 3rd. Weiss Ratings downgraded shares of Snowflake from a “sell (d-)” rating to a “sell (e+)” rating in a report on Thursday, June 11th. Finally, Royal Bank Of Canada increased their price target on shares of Snowflake from $220.00 to $284.00 and gave the company an “outperform” rating in a research report on Thursday, May 28th. Thirty-four research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $296.00.

Snowflake Stock Performance

Shares of SNOW stock opened at $268.85 on Thursday. The firm has a market cap of $93.18 billion, a price-to-earnings ratio of -76.38 and a beta of 1.35. The company’s 50 day moving average is $227.43 and its 200 day moving average is $193.65. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 1.18. Snowflake has a 52-week low of $118.30 and a 52-week high of $284.99.

Snowflake (NYSE:SNOW) last posted its earnings results on Wednesday, May 27th. The company reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.07. The company had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.32 billion. Snowflake had a negative return on equity of 50.50% and a negative net margin of 23.79%.Snowflake’s revenue was up 33.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.24 earnings per share. On average, sell-side analysts anticipate that Snowflake will post -1.84 EPS for the current fiscal year.

Insider Transactions at Snowflake

In related news, Director Teresa Briggs sold 343 shares of the company’s stock in a transaction dated Monday, July 6th. The stock was sold at an average price of $255.11, for a total transaction of $87,502.73. Following the transaction, the director directly owned 5,060 shares of the company’s stock, valued at $1,290,856.60. This represents a 6.35% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Michael L. Speiser sold 840 shares of the stock in a transaction dated Monday, July 6th. The shares were sold at an average price of $257.91, for a total value of $216,644.40. Following the completion of the sale, the director owned 26,876 shares of the company’s stock, valued at approximately $6,931,589.16. This trade represents a 3.03% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 1,802,015 shares of company stock worth $421,739,629. 4.80% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Snowflake

A number of large investors have recently modified their holdings of SNOW. Wolff Wiese Magana LLC lifted its stake in Snowflake by 10.0% in the 4th quarter. Wolff Wiese Magana LLC now owns 549 shares of the company’s stock worth $120,000 after purchasing an additional 50 shares in the last quarter. HHM Wealth Advisors LLC grew its position in shares of Snowflake by 50.0% in the fourth quarter. HHM Wealth Advisors LLC now owns 150 shares of the company’s stock valued at $33,000 after purchasing an additional 50 shares in the last quarter. United Asset Strategies Inc. increased its holdings in shares of Snowflake by 1.4% in the fourth quarter. United Asset Strategies Inc. now owns 3,544 shares of the company’s stock valued at $777,000 after purchasing an additional 50 shares during the last quarter. Physician Wealth Advisors Inc. increased its holdings in shares of Snowflake by 56.0% in the fourth quarter. Physician Wealth Advisors Inc. now owns 142 shares of the company’s stock valued at $31,000 after purchasing an additional 51 shares during the last quarter. Finally, ORG Partners LLC increased its holdings in shares of Snowflake by 3.3% in the fourth quarter. ORG Partners LLC now owns 1,796 shares of the company’s stock valued at $394,000 after purchasing an additional 58 shares during the last quarter. Hedge funds and other institutional investors own 65.10% of the company’s stock.

Snowflake News Roundup

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Royal Bank of Canada raised its price target on Snowflake to $313 from $284 and reiterated an outperform rating, signaling confidence in further upside. Article
• Positive Sentiment: KeyCorp lifted its target to $325 from $285 and kept an overweight rating, adding to the bullish analyst sentiment around SNOW. Article
• Positive Sentiment: RBC said CEO Sridhar Ramaswamy’s performance-based stock award is another positive sign for Snowflake’s AI growth strategy, suggesting management incentives are aligned with long-term value creation. Article
• Positive Sentiment: Media coverage highlighted Snowflake as one of the “hypergrowth” or “surprise” stocks to watch for 2026, reinforcing investor interest in the company’s AI and cloud growth narrative. Article
• Neutral Sentiment: Snowflake also unveiled a large CEO pay plan tied to ambitious long-term stock-price goals, which may be viewed as a commitment to growth but could draw scrutiny over compensation levels. Article
• Neutral Sentiment: Snowflake’s recent article coverage also noted continued product progress, including secure AI workflows for financial-data customers through Rogo, supporting the company’s broader AI adoption story. Article

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.