Snowflake (NYSE:SNOW) Price Target Cut to $220.00 by Analysts at Mizuho

Snowflake (NYSE:SNOW) had its price objective trimmed by Mizuho from $285.00 to $220.00 in a report published on Tuesday morning, MarketBeat Ratings reports. The firm currently has an outperform rating on the stock.

A number of other equities research analysts have also issued reports on SNOW. Argus upgraded shares of Snowflake from a “hold” rating to a “buy” rating and set a $300.00 price target on the stock in a report on Thursday, January 8th. The Goldman Sachs Group lowered their price objective on shares of Snowflake from $286.00 to $246.00 and set a “buy” rating on the stock in a research report on Wednesday, February 11th. Jefferies Financial Group set a $300.00 target price on Snowflake in a report on Monday, November 24th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Snowflake in a research report on Wednesday, January 21st. Finally, Oppenheimer reissued an “outperform” rating on shares of Snowflake in a research report on Friday, November 21st. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, four have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $274.00.

Snowflake Stock Performance

Shares of NYSE SNOW opened at $177.21 on Tuesday. Snowflake has a 12-month low of $120.10 and a 12-month high of $280.67. The company has a market cap of $60.64 billion, a PE ratio of -43.86 and a beta of 1.14. The stock has a 50 day simple moving average of $206.83 and a 200-day simple moving average of $224.71. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 1.07.

Snowflake (NYSE:SNOW) last posted its quarterly earnings data on Wednesday, December 3rd. The company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.04. Snowflake had a negative net margin of 30.76% and a negative return on equity of 45.91%. The business had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.18 billion. During the same quarter in the prior year, the company posted $0.20 earnings per share. The company’s quarterly revenue was up 28.7% compared to the same quarter last year. On average, equities research analysts forecast that Snowflake will post -2.36 EPS for the current year.

Insiders Place Their Bets

In related news, Director Michael L. Speiser sold 50,338 shares of the business’s stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $165.22, for a total value of $8,316,844.36. Following the completion of the sale, the director directly owned 31,076 shares in the company, valued at approximately $5,134,376.72. The trade was a 61.83% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Christian Kleinerman sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $197.09, for a total value of $1,970,900.00. Following the sale, the executive vice president directly owned 461,351 shares of the company’s stock, valued at $90,927,668.59. The trade was a 2.12% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 613,681 shares of company stock worth $130,573,518 in the last 90 days. 6.80% of the stock is owned by corporate insiders.

Institutional Trading of Snowflake

Several hedge funds have recently added to or reduced their stakes in the business. Sumitomo Mitsui Trust Group Inc. increased its stake in Snowflake by 1.1% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 732,092 shares of the company’s stock valued at $165,123,000 after buying an additional 8,002 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd acquired a new position in shares of Snowflake during the 2nd quarter worth about $6,845,000. Federated Hermes Inc. grew its holdings in shares of Snowflake by 13.5% in the 3rd quarter. Federated Hermes Inc. now owns 408,037 shares of the company’s stock valued at $92,047,000 after acquiring an additional 48,411 shares in the last quarter. Penserra Capital Management LLC increased its position in shares of Snowflake by 32.8% in the third quarter. Penserra Capital Management LLC now owns 153,358 shares of the company’s stock valued at $34,586,000 after acquiring an additional 37,911 shares during the last quarter. Finally, Rheos Capital Works Inc. increased its position in shares of Snowflake by 102.9% in the third quarter. Rheos Capital Works Inc. now owns 207,000 shares of the company’s stock valued at $46,689,000 after acquiring an additional 105,000 shares during the last quarter. Institutional investors own 65.10% of the company’s stock.

Key Snowflake News

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Seeking Alpha upgraded Snowflake, highlighting its AI pivot, a sizeable backlog (~$8B) and differentiated enterprise positioning — a bullish take that supports medium‑term growth expectations. Seeking Alpha Upgrade
• Positive Sentiment: Analyst and industry commentary (Forbes coverage) emphasizes Snowflake’s role in the AI software reshuffle alongside Salesforce, reinforcing the narrative that Snowflake can capture AI‑related data workloads and pricing power. Forbes: AI Software Shake-Up
• Neutral Sentiment: Mizuho lowered its price target to $220 from $285 but kept an “Outperform” rating — this reduces upside expectations vs. prior targets but still signals conviction in Snowflake’s fundamentals. Mizuho PT Cut
• Neutral Sentiment: Zacks and other analyst write‑ups note Snowflake trades at a premium (high P/S) vs. peers — a double‑edged factor: justified if AI growth materializes, but a vulnerability if execution or competition disappoints. Zacks: Valuation Note
• Negative Sentiment: Pomerantz LLP launched an investor probe into Snowflake, announcing a potential securities investigation — legal actions raise near‑term uncertainty and can pressure the stock while the matter unfolds. Pomerantz Investor Alert
• Negative Sentiment: Goldman Sachs trimmed its price target (to $246 from $286) while keeping a Buy—another analyst cut that lowers headline upside and likely contributed to selling pressure. Goldman Sachs PT Cut
• Negative Sentiment: Market‑day coverage (Zacks) flagged SNOW’s pullback as the broader market rose — illustrative that headline risk and fresh analyst target reductions are outweighing positive AI narratives today. Zacks: SNOW Stock Slides

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.