KeyCorp Has Lowered Expectations for Snowflake (NYSE:SNOW) Stock Price

Snowflake (NYSE:SNOW) had its price objective lowered by equities research analysts at KeyCorp from $235.00 to $200.00 in a note issued to investors on Wednesday,Benzinga reports. The firm presently has an “overweight” rating on the stock. KeyCorp’s price objective would suggest a potential upside of 39.17% from the stock’s previous close.

Other equities research analysts have also issued reports about the company. Cantor Fitzgerald reissued an “overweight” rating and set a $250.00 price objective on shares of Snowflake in a research note on Monday, February 23rd. Guggenheim reissued a “neutral” rating on shares of Snowflake in a research note on Wednesday, February 18th. Morgan Stanley reduced their price objective on Snowflake from $270.00 to $245.00 and set an “overweight” rating for the company in a research note on Thursday, February 26th. Needham & Company LLC reduced their price objective on Snowflake from $280.00 to $200.00 and set a “buy” rating for the company in a research note on Thursday, February 26th. Finally, TD Cowen reduced their price objective on Snowflake from $270.00 to $255.00 and set a “buy” rating for the company in a research note on Thursday, February 26th. One research analyst has rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, five have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $242.86.

Snowflake Stock Down 0.5%

Shares of SNOW stock opened at $143.71 on Wednesday. Snowflake has a 1 year low of $118.30 and a 1 year high of $280.67. The stock has a market cap of $49.68 billion, a PE ratio of -36.38 and a beta of 1.23. The business’s fifty day moving average is $164.59 and its 200-day moving average is $209.48. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.30 and a current ratio of 1.30.

Snowflake (NYSE:SNOW) last issued its quarterly earnings results on Wednesday, February 25th. The company reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.05. Snowflake had a negative return on equity of 50.61% and a negative net margin of 28.43%.The company had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.25 billion. During the same period last year, the firm earned $0.30 EPS. The firm’s revenue for the quarter was up 30.1% on a year-over-year basis. Equities analysts expect that Snowflake will post -2.36 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Christian Kleinerman sold 2,621 shares of the firm’s stock in a transaction on Monday, March 23rd. The stock was sold at an average price of $170.01, for a total value of $445,596.21. Following the completion of the sale, the executive vice president owned 533,494 shares of the company’s stock, valued at $90,699,314.94. This trade represents a 0.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CAO Emily Ho sold 2,141 shares of the firm’s stock in a transaction on Monday, March 23rd. The stock was sold at an average price of $173.97, for a total value of $372,469.77. Following the completion of the sale, the chief accounting officer directly owned 44,553 shares of the company’s stock, valued at approximately $7,750,885.41. This trade represents a 4.59% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 594,313 shares of company stock valued at $108,831,780 over the last quarter. 6.80% of the stock is owned by insiders.

Institutional Trading of Snowflake

Several hedge funds and other institutional investors have recently modified their holdings of the business. Grey Fox Wealth Advisors LLC acquired a new stake in Snowflake during the third quarter valued at $25,000. Tripletail Wealth Management LLC acquired a new stake in Snowflake during the third quarter valued at $28,000. Kemnay Advisory Services Inc. acquired a new stake in Snowflake during the fourth quarter valued at $28,000. Greenline Wealth Management LLC acquired a new stake in Snowflake during the fourth quarter valued at $29,000. Finally, SJS Investment Consulting Inc. boosted its position in Snowflake by 4,333.3% during the third quarter. SJS Investment Consulting Inc. now owns 133 shares of the company’s stock valued at $30,000 after purchasing an additional 130 shares during the last quarter. Institutional investors and hedge funds own 65.10% of the company’s stock.

Key Headlines Impacting Snowflake

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Snowflake is expanding into observability with its Observe product to tie operational telemetry closer to the Data Cloud and AI workloads — a move that could deepen platform stickiness and open new enterprise use cases. Can SNOW’s Expansion Into Observability Strengthen the Growth Thesis?
• Positive Sentiment: Third‑party healthcare AI agents are being built and deployed natively on Snowflake (e.g., Penguin AI apps on the Marketplace), illustrating adoption in a high‑value vertical and reinforcing the Data Cloud as an execution layer for regulated data. Is Snowflake Quietly Shifting From Data Warehouse To Healthcare AI Execution Platform?
• Neutral Sentiment: Analyst and media coverage is mixed: some outlets highlight Wall Street optimism while others debate valuation and competitive positioning; these narratives can amplify volatility but are not immediate catalysts by themselves. Wall Street Bulls Look Optimistic About Snowflake (SNOW)
• Negative Sentiment: KeyBanc trimmed its price target on Snowflake from $235 to $200 (keeps an Overweight rating) citing growing competition from AI‑native rivals — the cut reduces upside expectations and can pressure sentiment. KeyBanc Trims Snowflake’s Target to $200
• Negative Sentiment: Multiple law firms and firms representing investors have announced securities‑fraud investigations and class‑action filings covering purchases between June 27, 2023 and Feb 28, 2024; several firms are soliciting lead‑plaintiff candidates with an April 27 deadline — ongoing litigation risk increases headline risk and can weigh on the stock. ROSEN: Investors Encouraged to Secure Counsel Before April 27 Deadline

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.