Snowflake (NYSE:SNOW) Stock Price Expected to Rise, KeyCorp Analyst Says

Snowflake (NYSE:SNOW) had its target price raised by stock analysts at KeyCorp from $285.00 to $325.00 in a research note issued on Thursday, Marketbeat Ratings reports. The firm presently has an “overweight” rating on the stock. KeyCorp’s price objective suggests a potential upside of 20.89% from the stock’s previous close.

Other analysts have also recently issued research reports about the stock. Piper Sandler raised their target price on shares of Snowflake from $295.00 to $320.00 and gave the company an “overweight” rating in a report on Wednesday, June 3rd. Evercore set a $200.00 price target on shares of Snowflake in a report on Tuesday, April 14th. UBS Group restated a “buy” rating on shares of Snowflake in a report on Monday, June 22nd. Loop Capital lifted their price objective on shares of Snowflake from $290.00 to $320.00 and gave the stock a “buy” rating in a research report on Wednesday, June 3rd. Finally, Royal Bank Of Canada boosted their target price on shares of Snowflake from $220.00 to $284.00 and gave the stock an “outperform” rating in a research note on Thursday, May 28th. Thirty-four investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $296.00.

Snowflake Price Performance

Shares of NYSE SNOW opened at $268.85 on Thursday. The stock’s 50-day moving average is $227.43 and its two-hundred day moving average is $193.65. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.05 and a quick ratio of 1.05. Snowflake has a 1-year low of $118.30 and a 1-year high of $284.99. The company has a market cap of $93.18 billion, a price-to-earnings ratio of -76.38 and a beta of 1.35.

Snowflake (NYSE:SNOW) last announced its quarterly earnings data on Wednesday, May 27th. The company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.07. Snowflake had a negative return on equity of 50.50% and a negative net margin of 23.79%.The business had revenue of $1.39 billion during the quarter, compared to analysts’ expectations of $1.32 billion. During the same quarter last year, the business posted $0.24 EPS. The business’s quarterly revenue was up 33.5% compared to the same quarter last year. Analysts forecast that Snowflake will post -1.84 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CAO Emily Ho sold 1,860 shares of Snowflake stock in a transaction on Wednesday, June 24th. The shares were sold at an average price of $232.25, for a total value of $431,985.00. Following the transaction, the chief accounting officer directly owned 41,283 shares of the company’s stock, valued at $9,587,976.75. The trade was a 4.31% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Michael L. Speiser sold 840 shares of Snowflake stock in a transaction on Monday, July 6th. The shares were sold at an average price of $257.91, for a total transaction of $216,644.40. Following the completion of the transaction, the director directly owned 26,876 shares in the company, valued at $6,931,589.16. The trade was a 3.03% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 1,802,015 shares of company stock valued at $421,739,629 in the last 90 days. Company insiders own 4.80% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of SNOW. Kemnay Advisory Services Inc. acquired a new stake in shares of Snowflake during the fourth quarter worth about $28,000. Greenline Wealth Management LLC acquired a new position in Snowflake in the 4th quarter valued at about $29,000. GoalVest Advisory LLC increased its position in Snowflake by 221.4% in the 4th quarter. GoalVest Advisory LLC now owns 135 shares of the company’s stock valued at $30,000 after acquiring an additional 93 shares during the period. Basecamp Wealth Advisors LLC increased its position in Snowflake by 140.5% in the 1st quarter. Basecamp Wealth Advisors LLC now owns 202 shares of the company’s stock valued at $30,000 after acquiring an additional 118 shares during the period. Finally, Physician Wealth Advisors Inc. lifted its position in Snowflake by 56.0% during the 4th quarter. Physician Wealth Advisors Inc. now owns 142 shares of the company’s stock worth $31,000 after acquiring an additional 51 shares during the period. 65.10% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting Snowflake

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Royal Bank of Canada raised its price target on Snowflake to $313 from $284 and reiterated an outperform rating, signaling confidence in further upside. Article
• Positive Sentiment: KeyCorp lifted its target to $325 from $285 and kept an overweight rating, adding to the bullish analyst sentiment around SNOW. Article
• Positive Sentiment: RBC said CEO Sridhar Ramaswamy’s performance-based stock award is another positive sign for Snowflake’s AI growth strategy, suggesting management incentives are aligned with long-term value creation. Article
• Positive Sentiment: Media coverage highlighted Snowflake as one of the “hypergrowth” or “surprise” stocks to watch for 2026, reinforcing investor interest in the company’s AI and cloud growth narrative. Article
• Neutral Sentiment: Snowflake also unveiled a large CEO pay plan tied to ambitious long-term stock-price goals, which may be viewed as a commitment to growth but could draw scrutiny over compensation levels. Article
• Neutral Sentiment: Snowflake’s recent article coverage also noted continued product progress, including secure AI workflows for financial-data customers through Rogo, supporting the company’s broader AI adoption story. Article

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.