Rosenblatt Securities Forecasts Strong Price Appreciation for Snowflake (NYSE:SNOW) Stock

Snowflake (NYSE:SNOW) had its price target lifted by investment analysts at Rosenblatt Securities from $275.00 to $285.00 in a research note issued on Thursday,Benzinga reports. The firm presently has a “buy” rating on the stock. Rosenblatt Securities’ price objective indicates a potential upside of 20.48% from the company’s current price.

Several other brokerages have also weighed in on SNOW. Bank of America increased their price objective on shares of Snowflake from $205.00 to $300.00 and gave the company a “buy” rating in a report on Thursday. Barclays set a $272.00 target price on shares of Snowflake in a research report on Thursday. Monness Crespi & Hardt increased their price target on Snowflake from $282.00 to $320.00 and gave the company a “buy” rating in a research note on Thursday. JPMorgan Chase & Co. cut their price target on Snowflake from $268.00 to $245.00 and set an “overweight” rating on the stock in a research note on Thursday, February 26th. Finally, Sanford C. Bernstein restated a “market perform” rating and issued a $250.00 price target on shares of Snowflake in a research report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, thirty-four have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $259.34.

Snowflake Stock Performance

Shares of NYSE:SNOW opened at $236.56 on Thursday. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 1.18. Snowflake has a 1-year low of $118.30 and a 1-year high of $280.67. The stock has a market capitalization of $81.78 billion, a P/E ratio of -59.57 and a beta of 1.08. The business has a 50-day moving average price of $153.75 and a two-hundred day moving average price of $190.65.

Snowflake (NYSE:SNOW) last issued its earnings results on Wednesday, May 27th. The company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.07. Snowflake had a negative net margin of 28.43% and a negative return on equity of 50.61%. The company had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.32 billion. During the same quarter last year, the firm earned $0.24 EPS. The company’s revenue for the quarter was up 33.5% on a year-over-year basis. Equities analysts predict that Snowflake will post -2.16 earnings per share for the current year.

Insider Activity at Snowflake

In related news, SVP Vivek Raghunathan sold 3,876 shares of the firm’s stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $152.80, for a total transaction of $592,252.80. Following the sale, the senior vice president directly owned 273,323 shares in the company, valued at $41,763,754.40. This trade represents a 1.40% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Michael L. Speiser sold 403 shares of the business’s stock in a transaction on Friday, May 1st. The shares were sold at an average price of $141.59, for a total transaction of $57,060.77. Following the completion of the sale, the director directly owned 22,509 shares in the company, valued at $3,187,049.31. This represents a 1.76% 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. Insiders have sold 428,963 shares of company stock valued at $71,996,216 over the last three months. Insiders own 4.80% of the company’s stock.

Institutional Trading of Snowflake

A number of institutional investors have recently modified their holdings of SNOW. Norges Bank bought a new position in shares of Snowflake during the fourth quarter worth about $974,091,000. Jennison Associates LLC raised its position in Snowflake by 27.7% in the 4th quarter. Jennison Associates LLC now owns 11,603,302 shares of the company’s stock valued at $2,545,300,000 after buying an additional 2,519,413 shares during the last quarter. Coatue Management LLC bought a new stake in Snowflake in the 3rd quarter valued at approximately $441,277,000. Jericho Capital Asset Management L.P. acquired a new position in Snowflake during the 4th quarter worth approximately $345,619,000. Finally, American Century Companies Inc. boosted its position in Snowflake by 233.3% during the 3rd quarter. American Century Companies Inc. now owns 2,104,925 shares of the company’s stock worth $474,766,000 after acquiring an additional 1,473,354 shares during the last quarter. 65.10% of the stock is currently owned by institutional investors.

Snowflake News Summary

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Snowflake reported first-quarter fiscal 2027 results that beat expectations, with EPS of $0.39 and revenue of $1.39 billion, while product revenue rose 34% year over year. Snowflake Reports Financial Results for the First Quarter of Fiscal 2027
• Positive Sentiment: The company raised its annual product revenue forecast, signaling that enterprise AI and cloud migration demand is improving faster than expected. Snowflake jumps as enterprise demand for data offerings drives forecast raise
• Positive Sentiment: Snowflake announced a five-year, $6 billion strategic collaboration with Amazon Web Services, including use of AWS Graviton processors and AI infrastructure, which investors view as a major growth catalyst. Snowflake Expands AWS Collaboration with $6B Commitment to Accelerate Enterprise Agentic AI Adoption
• Positive Sentiment: Several Wall Street firms raised price targets and reiterated buy ratings, including Bank of America, Benchmark, Needham, Stifel, and Monness Crespi & Hardt, reinforcing bullish sentiment after the earnings report. Analyst price target updates
• Neutral Sentiment: Snowflake also announced it intends to acquire Natoma, a move aimed at improving governance and secure connectivity for AI agents; the deal is strategically important but still needs to close. Snowflake Announces Intent to Acquire Natoma
• Negative Sentiment: Despite the rally, Snowflake remains unprofitable on a GAAP basis and its valuation has risen sharply, which could make the stock more sensitive to any slowdown in AI spending or execution missteps.

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.