Snowflake (SNOW) – Research Analysts’ Weekly Ratings Updates

A number of firms have modified their ratings and price targets on shares of Snowflake (NYSE: SNOW) recently:

• 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.
• 11/6/2024 – Snowflake was upgraded by analysts at Monness Crespi & Hardt from a “neutral” rating to a “buy” rating. They now have a $140.00 price target on the stock.
• 10/17/2024 – Snowflake was upgraded by analysts at Wedbush to a “hold” rating.
• 10/3/2024 – Snowflake had its “buy” rating reaffirmed by analysts at DA Davidson. They now have a $175.00 price target on the stock.
• 10/2/2024 – Snowflake had its “buy” rating reaffirmed by analysts at Rosenblatt Securities. They now have a $180.00 price target on the stock.
• 10/1/2024 – Snowflake is now covered by analysts at Argus. They set a “hold” rating on the stock.

Snowflake Stock Down 0.1 %

Shares of SNOW opened at $171.19 on Wednesday. The firm has a market cap of $57.38 billion, a price-to-earnings ratio of -50.50 and a beta of 0.83. The company’s fifty day moving average is $122.43 and its 200-day moving average is $128.01. Snowflake Inc. has a 12 month low of $107.13 and a 12 month high of $237.72.

Insider Buying and Selling

In other news, Director Frank Slootman sold 45,896 shares of the business’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $176.06, for a total transaction of $8,080,449.76. Following the transaction, the director now owns 208,735 shares in the company, valued at approximately $36,749,884.10. The trade was a 18.02 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Benoit Dageville sold 287 shares of the firm’s stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $111.41, for a total value of $31,974.67. Following the completion of the sale, the insider now owns 53,250 shares of the company’s stock, valued at $5,932,582.50. This represents a 0.54 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 182,126 shares of company stock worth $28,058,461. Corporate insiders own 7.80% of the company’s stock.

Institutional Trading of Snowflake

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. LRI Investments LLC grew its holdings in shares of Snowflake by 155.6% during the second quarter. LRI Investments LLC now owns 184 shares of the company’s stock worth $25,000 after purchasing an additional 112 shares during the last quarter. Groupama Asset Managment acquired a new position in Snowflake during the 3rd quarter worth $25,000. Wellington Shields Capital Management LLC bought a new position in Snowflake in the 2nd quarter valued at $27,000. V Square Quantitative Management LLC acquired a new stake in shares of Snowflake in the 3rd quarter valued at $30,000. Finally, Fortitude Family Office LLC acquired a new stake in shares of Snowflake during the 3rd quarter worth approximately $34,000. 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.