Snowflake (NYSE:SNOW) Price Target Raised to $370.00

Snowflake (NYSE:SNOW) had its price target upped by UBS Group from $325.00 to $370.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. UBS Group’s price target suggests a potential upside of 50.88% from the company’s current price.

A number of other research analysts also recently commented on SNOW. Citigroup increased their target price on shares of Snowflake from $260.00 to $320.00 and gave the company a “buy” rating in a research report on Friday, May 29th. Evercore set a $200.00 target price on shares of Snowflake in a research report on Tuesday, April 14th. BTIG Research increased their target price on shares of Snowflake from $280.00 to $325.00 and gave the company a “buy” rating in a research report on Wednesday. Stifel Nicolaus increased their target price on shares of Snowflake from $205.00 to $300.00 and gave the company a “buy” rating in a research report on Thursday, May 28th. Finally, Guggenheim reaffirmed a “neutral” rating on shares of Snowflake in a research report on Wednesday, February 18th. One equities research analyst has rated the stock with a Strong Buy rating, thirty-five have issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $289.90.

Snowflake Trading Down 6.1%

Shares of SNOW stock traded down $15.91 during trading hours on Wednesday, hitting $245.23. The company had a trading volume of 7,425,026 shares, compared to its average volume of 7,486,254. The company’s fifty day moving average is $158.80 and its 200 day moving average is $190.47. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.05 and a quick ratio of 1.30. Snowflake has a fifty-two week low of $118.30 and a fifty-two week high of $284.99. The stock has a market capitalization of $84.78 billion, a PE ratio of -69.72 and a beta of 1.35.

Snowflake (NYSE:SNOW) last issued its quarterly earnings data on Wednesday, May 27th. The company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.32 by $0.07. Snowflake had a negative net margin of 23.79% and a negative return on equity of 50.50%. The firm had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.32 billion. During the same period in the prior year, the business posted $0.24 EPS. The business’s revenue for the quarter was up 33.5% compared to the same quarter last year. Research analysts expect that Snowflake will post -2.15 earnings per share for the current fiscal year.

Insider Buying and Selling at Snowflake

In other news, Director Frank Slootman sold 437,076 shares of the business’s stock in a transaction that occurred on Friday, May 29th. The shares were 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 of the company’s stock, 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 filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Mark Garrett sold 100,000 shares of the business’s stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $250.00, for a total transaction of $25,000,000.00. Following the completion of the transaction, the director directly owned 8,801 shares of the company’s stock, valued at approximately $2,200,250. This represents a 91.91% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 1,416,489 shares of company stock worth $310,023,119 over the last ninety days. 4.80% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Snowflake

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Total Clarity Wealth Management Inc. increased its position in Snowflake by 2.7% during the third quarter. Total Clarity Wealth Management Inc. now owns 1,508 shares of the company’s stock worth $340,000 after purchasing an additional 40 shares during the last quarter. Diligent Investors LLC increased its position in Snowflake by 0.9% during the third quarter. Diligent Investors LLC now owns 4,594 shares of the company’s stock worth $1,036,000 after purchasing an additional 40 shares during the last quarter. Wolff Wiese Magana LLC increased its position in Snowflake by 10.0% during the fourth quarter. Wolff Wiese Magana LLC now owns 549 shares of the company’s stock worth $120,000 after purchasing an additional 50 shares during the last quarter. HHM Wealth Advisors LLC increased its position in Snowflake by 50.0% during the fourth quarter. HHM Wealth Advisors LLC now owns 150 shares of the company’s stock worth $33,000 after purchasing an additional 50 shares during the last quarter. Finally, United Asset Strategies Inc. increased its position in Snowflake by 1.4% during the fourth quarter. United Asset Strategies Inc. now owns 3,544 shares of the company’s stock worth $777,000 after purchasing an additional 50 shares during the last quarter. Institutional investors and hedge funds own 65.10% of the company’s stock.

Key Snowflake News

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Analysts turned more bullish on Snowflake, with Piper Sandler, TD Cowen, Needham, and BTIG all raising price targets and maintaining buy/overweight ratings, signaling confidence that the stock still has meaningful upside. Analyst price target raises for Snowflake
• Positive Sentiment: Snowflake’s Summit 26 announcements highlighted deeper AI adoption across its platform, including new Horizon Catalog, CoWork, CoCo, and Anthropic integrations, which support the company’s case as a key enterprise AI infrastructure provider. Snowflake Advances Trusted AI with Snowflake Horizon Catalog Snowflake CoCo Redefines Enterprise AI Development
• Positive Sentiment: Multiple partners and enterprise customers expanded their Snowflake integrations or were recognized by Snowflake at Summit 26, reinforcing ecosystem momentum and suggesting broader commercial traction for the platform. TransUnion Expands TruIQ Data Enrichment on Snowflake AI Data Cloud Cognizant Accelerates Enterprise AI Adoption with Snowflake’s Cortex-Powered Intelligent Agents
• Positive Sentiment: Commentary following the earnings report said Snowflake delivered its best quarter in years, with accelerated product adoption and strong customer momentum helping validate the AI growth story. Snowflake’s Best Quarter In Years: One Product Made It Happen
• Neutral Sentiment: Several media and conference items focused on Snowflake’s expanding partner network, but many were awards or integrations rather than direct new revenue disclosures, so the near-term stock impact is less certain. Blue Yonder Named 2026 AMER Snowflake Product Growth Partner of the Year NIQ Named 2026 Retail & Consumer Goods Snowflake Product Partner of the Year
• Negative Sentiment: Recent insider selling, including large share sales by directors Frank Slootman and Mark Garrett, may act as a modest headwind by prompting some investors to question valuation after the rally. Snowflake Director Frank Slootman Sells Shares Snowflake Director Mark Garrett Sells Shares

About Snowflake

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.