Snowflake Inc. (NYSE:SNOW) Receives Average Rating of “Moderate Buy” from Brokerages
by Michael Walen · The Markets DailySnowflake Inc. (NYSE:SNOW – Get Free Report) has been given an average rating of “Moderate Buy” by the forty-one research firms that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, five have given a hold recommendation, thirty-four have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $293.5263.
SNOW has been the subject of a number of analyst reports. KeyCorp set a $295.00 price objective on Snowflake in a research report on Thursday, May 28th. Oppenheimer boosted their price target on Snowflake from $250.00 to $295.00 and gave the stock an “outperform” rating in a research note on Thursday, May 28th. TD Cowen restated a “buy” rating and issued a $300.00 price target on shares of Snowflake in a research note on Wednesday, June 3rd. Truist Financial boosted their price target on Snowflake from $275.00 to $300.00 and gave the stock a “buy” rating in a research note on Friday, June 5th. Finally, Sanford C. Bernstein boosted their price target on Snowflake from $195.00 to $250.00 and gave the stock a “market perform” rating in a research note on Thursday, May 28th.
Get Our Latest Stock Analysis on SNOW
More Snowflake News
Here are the key news stories impacting Snowflake this week:
- Positive Sentiment: Analysts remain constructive on Snowflake, with multiple firms raising price targets and maintaining Buy ratings, reflecting confidence that AI-related demand and customer feedback from Snowflake Summit 2026 support the growth story.
- Positive Sentiment: Snowflake’s expanding partner ecosystem is reinforcing its role in enterprise AI and marketing data workflows, with Marketplacer, Denodo, GrowthLoop, and other partners highlighted in recent “One to Watch” and integration announcements.
- Positive Sentiment: Recent articles suggest Snowflake’s AI data cloud narrative is still attracting buyers after a strong rebound, with some market commentators arguing the stock may be becoming more attractive on valuation after its recent run-up. Snowflake (SNOW) Stock After 32% Monthly Jump Is The Valuation Starting To Appeal
- Neutral Sentiment: A new market note asks whether Snowflake can reach $300 this year, but concludes the move is possible longer term rather than in the next 12 months, making it more of a sentiment piece than a direct fundamental update. Will Snowflake Reach $300 This Year?
- Negative Sentiment: Director Frank Slootman sold 200,000 shares in a pre-arranged 10b5-1 transaction, extending a recent pattern of insider selling that may weigh on investor sentiment even though the sale was planned. Insider Selling: Snowflake (NYSE:SNOW) Director Sells $44,854,000.00 in Stock
Insider Transactions at Snowflake
In other news, Director Frank Slootman sold 437,076 shares of the business’s stock in a transaction on Friday, May 29th. The stock was sold at an average price of $252.43, for a total value of $110,331,094.68. Following the completion of the transaction, the director owned 38,046 shares in the company, valued at $9,603,951.78. The trade was a 91.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Michael L. Speiser sold 50,338 shares of the business’s stock in a transaction on Monday, April 6th. The stock was sold at an average price of $148.21, for a total value of $7,460,594.98. Following the completion of the transaction, the director owned 29,396 shares of the company’s stock, valued at $4,356,781.16. This represents a 63.13% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 1,700,844 shares of company stock worth $390,339,279 over the last quarter. 4.80% of the stock is currently owned by insiders.
Institutional Inflows and Outflows
Several hedge funds have recently modified their holdings of SNOW. Kemnay Advisory Services Inc. bought a new stake in shares of Snowflake in the fourth quarter worth $28,000. Greenline Wealth Management LLC bought a new stake in shares of Snowflake in the fourth quarter worth $29,000. GoalVest Advisory LLC grew its holdings in shares of Snowflake by 221.4% in the fourth quarter. GoalVest Advisory LLC now owns 135 shares of the company’s stock worth $30,000 after acquiring an additional 93 shares during the period. Physician Wealth Advisors Inc. grew 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 worth $31,000 after acquiring an additional 51 shares during the period. Finally, MV Capital Management Inc. bought a new stake in shares of Snowflake in the fourth quarter worth $32,000. Hedge funds and other institutional investors own 65.10% of the company’s stock.
Snowflake Stock Down 2.1%
SNOW stock opened at $225.62 on Thursday. Snowflake has a twelve month low of $118.30 and a twelve month high of $284.99. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 1.18. The firm has a market cap of $78.20 billion, a PE ratio of -64.10 and a beta of 1.35. The business has a 50 day moving average of $188.07 and a 200 day moving average of $188.79.
Snowflake (NYSE:SNOW – Get Free Report) last posted its quarterly earnings data on Wednesday, May 27th. The company reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.07. Snowflake had a negative return on equity of 50.50% and a negative net margin of 23.79%.The company had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.32 billion. During the same quarter last year, the company earned $0.24 EPS. The firm’s revenue for the quarter was up 33.5% on a year-over-year basis. On average, research analysts forecast that Snowflake will post -1.87 EPS for the current fiscal year.
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.
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