Snowflake (SNOW) – Research Analysts’ Weekly Ratings Updates

Several analysts have recently updated their ratings and price targets for Snowflake (NYSE: SNOW):

• 1/7/2025 – Snowflake was upgraded by analysts at Wells Fargo & Company from an “equal weight” rating to an “overweight” rating. They now have a $200.00 price target on the stock, up previously from $150.00.
• 1/6/2025 – Snowflake had its price target raised by analysts at Piper Sandler from $185.00 to $208.00. They now have an “overweight” rating on the stock.
• 12/23/2024 – Snowflake had its price target raised by analysts at Loop Capital from $185.00 to $205.00. They now have a “buy” rating on the stock.
• 12/18/2024 – Snowflake was downgraded by analysts at Wedbush from a “strong-buy” rating to a “hold” rating.
• 12/17/2024 – Snowflake had its “overweight” rating reaffirmed by analysts at Piper Sandler. They now have a $185.00 price target on the stock.
• 12/16/2024 – Snowflake had its price target raised by analysts at Jefferies Financial Group Inc. from $180.00 to $200.00. They now have a “buy” rating on the stock.
• 12/9/2024 – Snowflake had its price target raised by analysts at Scotiabank from $170.00 to $220.00. They now have a “sector outperform” rating on the stock.
• 12/6/2024 – Snowflake had its price target raised by analysts at Barclays PLC from $172.00 to $190.00. They now have an “equal weight” rating on the stock.
• 12/5/2024 – Snowflake had its price target raised by analysts at KeyCorp from $185.00 to $210.00. They now have an “overweight” rating on the stock.
• 12/3/2024 – Snowflake had its “market outperform” rating reaffirmed by analysts at JMP Securities. They now have a $190.00 price target on the stock.
• 11/28/2024 – Snowflake was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating.
• 11/25/2024 – Snowflake was upgraded by analysts at Wedbush from a “neutral” rating to an “outperform” rating. They now have a $190.00 price target on the stock.
• 11/21/2024 – Snowflake had its “overweight” rating reaffirmed by analysts at Piper Sandler. They now have a $185.00 price target on the stock, up previously from $165.00.
• 11/21/2024 – Snowflake had its price target raised by analysts at KeyCorp from $150.00 to $185.00. They now have an “overweight” rating on the stock.
• 11/21/2024 – Snowflake had its price target raised by analysts at Mizuho from $165.00 to $195.00. They now have an “outperform” rating on the stock.
• 11/21/2024 – Snowflake had its price target raised by analysts at Royal Bank of Canada from $175.00 to $188.00. They now have an “outperform” rating on the stock.
• 11/21/2024 – Snowflake had its “outperform” rating reaffirmed by analysts at Oppenheimer Holdings Inc.. They now have a $180.00 price target on the stock.
• 11/21/2024 – Snowflake had its price target raised by analysts at Evercore ISI from $170.00 to $190.00. They now have an “outperform” rating on the stock.
• 11/21/2024 – Snowflake had its price target raised by analysts at Wedbush from $130.00 to $160.00. They now have a “neutral” rating on the stock.
• 11/21/2024 – Snowflake had its price target raised by analysts at Bank of America Co. from $160.00 to $185.00. They now have a “neutral” rating on the stock.
• 11/21/2024 – Snowflake had its price target raised by analysts at Barclays PLC from $142.00 to $172.00. They now have an “equal weight” rating on the stock.
• 11/21/2024 – Snowflake had its price target raised by analysts at Wells Fargo & Company from $125.00 to $150.00. They now have an “equal weight” rating on the stock.
• 11/21/2024 – Snowflake had its “buy” rating reaffirmed by analysts at Truist Financial Co.. They now have a $210.00 price target on the stock.
• 11/21/2024 – Snowflake had its price target raised by analysts at Deutsche Bank Aktiengesellschaft from $180.00 to $190.00. They now have a “buy” rating on the stock.
• 11/21/2024 – Snowflake had its price target raised by analysts at TD Cowen from $180.00 to $190.00. They now have a “buy” rating on the stock.
• 11/21/2024 – Snowflake had its price target raised by analysts at Jefferies Financial Group Inc. from $145.00 to $180.00. They now have a “buy” rating on the stock.
• 11/21/2024 – Snowflake had its price target raised by analysts at Needham & Company LLC from $160.00 to $200.00. They now have a “buy” rating on the stock.
• 11/21/2024 – Snowflake had its price target raised by analysts at Monness Crespi & Hardt from $140.00 to $188.00. They now have a “buy” rating on the stock.
• 11/20/2024 – Snowflake was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.
• 11/19/2024 – Snowflake had its “buy” rating reaffirmed by analysts at Rosenblatt Securities. They now have a $180.00 price target on the stock.
• 11/18/2024 – Snowflake had its price target lowered by analysts at Citigroup Inc. from $200.00 to $183.00. They now have a “buy” rating on the stock.
• 11/12/2024 – Snowflake was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.
• 11/11/2024 – Snowflake had its price target lowered by analysts at KeyCorp from $168.00 to $150.00. They now have an “overweight” rating on the stock.

Snowflake Price Performance

NYSE:SNOW traded down $0.13 during trading hours on Tuesday, hitting $162.95. 2,240,216 shares of the stock traded hands, compared to its average volume of 3,231,643. The company has a market cap of $53.79 billion, a price-to-earnings ratio of -48.07 and a beta of 1.05. Snowflake Inc. has a 1 year low of $107.13 and a 1 year high of $237.72. The stock has a 50 day moving average price of $152.90 and a 200 day moving average price of $133.00. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.77.

Insiders Place Their Bets

In other news, EVP Christian Kleinerman sold 15,000 shares of the business’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $120.77, for a total value of $1,811,550.00. Following the transaction, the executive vice president now owns 706,755 shares of the company’s stock, valued at approximately $85,354,801.35. The trade was a 2.08 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CRO Christopher William Degnan sold 12,782 shares of Snowflake stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $157.24, for a total transaction of $2,009,841.68. Following the completion of the sale, the executive now owns 311,999 shares in the company, valued at approximately $49,058,722.76. This represents a 3.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 406,904 shares of company stock worth $66,145,855. Corporate insiders own 7.80% of the company’s stock.

Institutional Trading of Snowflake

A number of large investors have recently added to or reduced their stakes in the company. Diversified Trust Co grew its holdings in shares of Snowflake by 174.8% in the fourth quarter. Diversified Trust Co now owns 4,906 shares of the company’s stock valued at $758,000 after purchasing an additional 3,121 shares in the last quarter. Doliver Advisors LP grew its stake in shares of Snowflake by 268.7% in the 4th quarter. Doliver Advisors LP now owns 8,262 shares of the company’s stock worth $1,276,000 after buying an additional 6,021 shares in the last quarter. Nordea Investment Management AB increased its holdings in shares of Snowflake by 2.3% in the 4th quarter. Nordea Investment Management AB now owns 23,911 shares of the company’s stock worth $3,682,000 after buying an additional 536 shares during the last quarter. Everence Capital Management Inc. purchased a new stake in shares of Snowflake during the 4th quarter valued at about $1,390,000. Finally, GAMMA Investing LLC lifted its holdings in shares of Snowflake by 59.6% in the 4th quarter. GAMMA Investing LLC now owns 391 shares of the company’s stock valued at $60,000 after acquiring an additional 146 shares during the last quarter. Institutional investors own 65.10% of the company’s stock.

Snowflake Inc provides a cloud-based data platform for various organizations in the United States and internationally. Its platform offers Data Cloud, which enables customers to consolidate data into a single source of truth to drive meaningful business insights, build data-driven applications, and share data and data products, as well as applies artificial intelligence (AI) for solving business problems.