FY2026 Earnings Forecast for Snowflake Issued By Scotiabank

Snowflake Inc. (NYSE:SNOW) – Equities researchers at Scotiabank issued their FY2026 earnings estimates for shares of Snowflake in a note issued to investors on Wednesday, January 8th. Scotiabank analyst P. Colville anticipates that the company will post earnings of ($2.33) per share for the year. Scotiabank currently has a “Sector Outperform” rating and a $220.00 price target on the stock. The consensus estimate for Snowflake’s current full-year earnings is ($2.36) per share.

A number of other research firms have also recently commented on SNOW. Rosenblatt Securities reaffirmed a “buy” rating and issued a $180.00 price target on shares of Snowflake in a report on Tuesday, November 19th. Royal Bank of Canada boosted their target price on Snowflake from $175.00 to $188.00 and gave the company an “outperform” rating in a research note on Thursday, November 21st. Piper Sandler increased their price target on Snowflake from $185.00 to $208.00 and gave the stock an “overweight” rating in a research note on Monday. Barclays boosted their price objective on Snowflake from $172.00 to $190.00 and gave the company an “equal weight” rating in a research note on Friday, December 6th. Finally, Needham & Company LLC increased their target price on shares of Snowflake from $160.00 to $200.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twenty-seven have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $187.11.

Snowflake Stock Performance

Shares of SNOW stock opened at $161.16 on Thursday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.88 and a current ratio of 1.88. The firm has a market cap of $53.20 billion, a price-to-earnings ratio of -47.54 and a beta of 1.05. Snowflake has a 52 week low of $107.13 and a 52 week high of $237.72. The firm’s 50-day simple moving average is $155.48 and its two-hundred day simple moving average is $133.61.

Insider Transactions at Snowflake

In other Snowflake news, EVP Christian Kleinerman sold 15,000 shares of the stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $120.77, for a total transaction of $1,811,550.00. Following the completion of the sale, the executive vice president now owns 706,755 shares of the company’s stock, valued at $85,354,801.35. This represents a 2.08 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, 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 completion of the transaction, the director now owns 208,735 shares in the company, valued at $36,749,884.10. The trade was a 18.02 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 376,904 shares of company stock worth $62,545,855. Company insiders own 7.80% of the company’s stock.

Institutional Investors Weigh In On Snowflake

A number of large investors have recently made changes to their positions in the business. State Street Corp lifted its stake in Snowflake by 0.8% in the third quarter. State Street Corp now owns 6,867,097 shares of the company’s stock worth $788,755,000 after acquiring an additional 54,909 shares during the period. Geode Capital Management LLC lifted its position in shares of Snowflake by 3.5% in the 3rd quarter. Geode Capital Management LLC now owns 4,152,146 shares of the company’s stock worth $475,894,000 after purchasing an additional 138,663 shares during the period. Two Sigma Advisers LP lifted its position in shares of Snowflake by 27.9% in the 3rd quarter. Two Sigma Advisers LP now owns 4,043,200 shares of the company’s stock worth $464,402,000 after purchasing an additional 881,700 shares during the period. Ontario Teachers Pension Plan Board increased its position in shares of Snowflake by 19,399.2% during the third quarter. Ontario Teachers Pension Plan Board now owns 2,572,336 shares of the company’s stock valued at $295,459,000 after buying an additional 2,559,144 shares during the period. Finally, Legal & General Group Plc increased its position in shares of Snowflake by 11.5% during the second quarter. Legal & General Group Plc now owns 2,175,131 shares of the company’s stock valued at $293,838,000 after buying an additional 223,936 shares during the period. 65.10% of the stock is currently owned by institutional investors.

About Snowflake

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.