Snowflake’s (SNOW) Buy Rating Reiterated at DA Davidson

DA Davidson restated their buy rating on shares of Snowflake (NYSE:SNOW) in a report released on Friday morning,Benzinga reports. The firm currently has a $300.00 price target on the stock.

Other research analysts have also issued reports about the company. Citigroup decreased their price objective on Snowflake from $310.00 to $300.00 and set a “buy” rating on the stock in a report on Monday, December 8th. Macquarie boosted their target price on shares of Snowflake from $235.00 to $250.00 and gave the stock a “neutral” rating in a research note on Thursday, December 4th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Snowflake in a report on Thursday, December 4th. Canaccord Genuity Group lifted their target price on Snowflake from $260.00 to $270.00 and gave the stock a “buy” rating in a report on Thursday, December 4th. Finally, Jefferies Financial Group set a $300.00 target price on shares of Snowflake in a research note on Monday, November 24th. Two analysts have rated the stock with a Strong Buy rating, thirty-four have given a Buy rating, four have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $275.58.

Snowflake Stock Performance

NYSE SNOW opened at $192.66 on Friday. Snowflake has a 1 year low of $120.10 and a 1 year high of $280.67. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 1.07. The firm has a market capitalization of $65.93 billion, a P/E ratio of -47.69 and a beta of 1.14. The firm’s fifty day moving average price is $223.34 and its two-hundred day moving average price is $228.12.

Snowflake (NYSE:SNOW) last released its quarterly earnings data on Wednesday, December 3rd. The company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.04. Snowflake had a negative return on equity of 45.91% and a negative net margin of 30.76%.The firm had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.18 billion. During the same quarter in the prior year, the company 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, research analysts anticipate that Snowflake will post -2.36 EPS for the current year.

Insider Buying and Selling

In other news, Director Frank Slootman sold 200,000 shares of the company’s stock in a transaction on Tuesday, January 20th. The shares were sold at an average price of $206.77, for a total value of $41,354,000.00. Following the completion of the sale, the director owned 50,329 shares in the company, valued at $10,406,527.33. This represents a 79.89% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Michael L. Speiser sold 403 shares of the stock in a transaction dated Friday, January 2nd. The shares were sold at an average price of $221.16, for a total transaction of $89,127.48. Following the completion of the sale, the director owned 24,121 shares of the company’s stock, valued at approximately $5,334,600.36. This trade represents a 1.64% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 603,681 shares of company stock worth $133,274,845 over the last ninety days. Insiders own 6.80% of the company’s stock.

Institutional Investors Weigh In On Snowflake

Several large investors have recently made changes to their positions in the business. Norges Bank purchased a new stake in Snowflake during the second quarter worth about $944,895,000. Winslow Capital Management LLC bought a new position in shares of Snowflake in the second quarter worth $725,667,000. Jennison Associates LLC boosted its stake in Snowflake by 27.7% in the 4th quarter. Jennison Associates LLC now owns 11,603,302 shares of the company’s stock worth $2,545,300,000 after purchasing an additional 2,519,413 shares during the period. Coatue Management LLC purchased a new stake in Snowflake in the 3rd quarter worth approximately $441,277,000. Finally, American Century Companies Inc. raised its position in shares of Snowflake by 233.3% in the third quarter. American Century Companies Inc. now owns 2,104,925 shares of the company’s stock worth $474,766,000 after buying an additional 1,473,354 shares in the last quarter. 65.10% of the stock is owned by hedge funds and other institutional investors.

Snowflake News Summary

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: DA Davidson reaffirmed a “buy” rating and set a $300 price target (roughly a ~56% upside vs. the current price), a reiteration that can attract momentum buyers and long‑term investors. Benzinga
• Positive Sentiment: Snowflake launched an AI Energy Solutions suite and announced partnerships aimed at serving power generation and utility customers — a product expansion that could open new enterprise workloads and revenue streams if adopted at scale. DatacenterDynamics: Snowflake AI launches energy solutions suite
• Positive Sentiment: Press releases describe partnerships (Visionaize, Streamline Control) to accelerate AI‑driven energy operations, reinforcing go‑to‑market traction in the energy vertical. Visionaize partnership
• Neutral Sentiment: Coverage pieces (including an opinion/positioning article on AI opportunities) highlight Snowflake’s market positioning in AI but also caution about hype—useful context for longer‑term thesis but not an immediate catalyst. Forbes: Mind The Gaps
• Neutral Sentiment: Recent market commentary noted the stock had earlier risen, reflecting ongoing interest; this provides context that today’s weakness is a pullback within a volatile trend. Zacks: Snowflake ascends while market falls
• Negative Sentiment: Johnson Fistel disclosed an investigation into whether Snowflake or its executives complied with securities laws, which can increase legal risk, create headline volatility, and prompt investor caution until details are resolved. GlobeNewswire: Johnson Fistel investigation

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.