Snowflake (NYSE:SNOW) Given Buy Rating at Rosenblatt Securities

Rosenblatt Securities reiterated their buy rating on shares of Snowflake (NYSE:SNOW) in a research note released on Thursday morning,Benzinga reports. Rosenblatt Securities currently has a $275.00 price objective on the stock.

A number of other equities research analysts have also issued reports on SNOW. DA Davidson reaffirmed a “buy” rating and issued a $300.00 target price on shares of Snowflake in a research note on Friday, January 30th. Wells Fargo & Company dropped their price objective on Snowflake from $290.00 to $210.00 and set an “overweight” rating for the company in a report on Thursday. 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. Macquarie Infrastructure boosted their price objective on shares of Snowflake from $235.00 to $250.00 and gave the stock a “neutral” rating in a report on Thursday, December 4th. Finally, Royal Bank Of Canada set a $245.00 target price on Snowflake in a research report on Wednesday, February 11th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, four have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $248.58.

Snowflake Trading Up 2.3%

Shares of SNOW stock opened at $173.03 on Thursday. The business’s fifty day moving average price is $200.03 and its 200 day moving average price is $222.74. The firm has a market capitalization of $59.21 billion, a PE ratio of -43.81 and a beta of 1.14. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.37 and a quick ratio of 1.37. Snowflake has a 1-year low of $120.10 and a 1-year high of $280.67.

Snowflake (NYSE:SNOW) last released its earnings results on Wednesday, February 25th. The company reported $0.32 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.05. Snowflake had a negative return on equity of 48.50% and a negative net margin of 28.43%.The company had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.25 billion. During the same quarter last year, the company earned $0.30 earnings per share. Snowflake’s quarterly revenue was up 30.1% compared to the same quarter last year. As a group, sell-side analysts forecast that Snowflake will post -2.36 EPS for the current fiscal year.

Insider Activity

In other Snowflake news, Director Frank Slootman sold 100,000 shares of the business’s stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $176.91, for a total value of $17,691,000.00. Following the transaction, the director owned 50,329 shares in the company, valued at $8,903,703.39. The trade was a 66.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Michael L. Speiser sold 403 shares of the stock in a transaction on Friday, February 6th. The stock was sold at an average price of $165.22, for a total transaction of $66,583.66. Following the transaction, the director owned 23,718 shares in the company, valued at approximately $3,918,687.96. This trade represents a 1.67% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 713,681 shares of company stock valued at $148,264,518 over the last ninety days. Corporate insiders own 6.80% of the company’s stock.

Hedge Funds Weigh In On Snowflake

Several large investors have recently made changes to their positions in SNOW. Sumitomo Mitsui Trust Group Inc. grew its holdings in Snowflake by 1.1% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 732,092 shares of the company’s stock worth $165,123,000 after buying an additional 8,002 shares in the last quarter. Federated Hermes Inc. grew its stake in shares of Snowflake by 13.5% in the 3rd quarter. Federated Hermes Inc. now owns 408,037 shares of the company’s stock worth $92,047,000 after acquiring an additional 48,411 shares in the last quarter. Penserra Capital Management LLC raised its holdings 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 purchasing an additional 37,911 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Snowflake by 3.1% during the third quarter. Vanguard Group Inc. now owns 28,647,593 shares of the company’s stock valued at $6,461,465,000 after purchasing an additional 857,832 shares in the last quarter. Finally, Rheos Capital Works Inc. boosted its holdings in Snowflake by 102.9% during the third quarter. Rheos Capital Works Inc. now owns 207,000 shares of the company’s stock worth $46,689,000 after purchasing an additional 105,000 shares during the last quarter. Institutional investors and hedge funds own 65.10% of the company’s stock.

Snowflake News Summary

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Q4 beat and strong momentum — Snowflake reported fiscal Q4 revenue up ~30% and adjusted EPS above estimates; management highlighted robust product demand, cash‑flow gains and a large remaining performance obligation (RPO) backlog that supports growth. Snowflake expects annual product revenue above estimates as AI boosts demand
• Positive Sentiment: FY27 product revenue guide viewed as supportive — management outlined ~27% product revenue growth for fiscal 2027 and flagged AI workloads as a material demand driver, which analysts and investors see as confirmation of the company’s positioning in the enterprise AI transition. Snowflake outlines 27% product revenue growth outlook for FY ’27 while expanding AI
• Positive Sentiment: Analyst commentary and AI thesis — several firms (RBC, Wedbush, Morgan Stanley coverage noted in media) framed Snowflake as well‑positioned for enterprise AI, which provided a demand narrative supporting the rally. Snowflake Seen as ‘AI Winner’ as Companies Move More Data to AI Workflows, Wedbush Says
• Neutral Sentiment: Mixed market reaction — despite the beat, some investors focused on the guidance cadence and margin dynamics, producing mixed intraday responses in different outlets; watch execution versus the RPO-to-revenue ramp. Snowflake’s stock dips as the software company gives a mixed outlook
• Negative Sentiment: Multiple class‑action notices and lawsuits — several law firms (Rosen, Portnoy, Faruqi & Faruqi, Bernstein Liebhard, etc.) have publicized class actions tied to prior disclosures; legal overhang and potential litigation costs increase investor risk and can pressure sentiment. ROSEN, A LONGSTANDING LAW FIRM, Encourages Snowflake Inc Investors to Secure Counsel
• Negative Sentiment: Widespread price‑target cuts — many brokerages trimmed SNOW price targets after the print (while often keeping buy/overweight ratings), which can cap near‑term upside and contribute to volatility as analysts reset models. These Analysts Slash Their Forecasts On Snowflake After Q4 Results

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.