Snowflake (NYSE:SNOW) Price Target Cut to $270.00 by Analysts at Citigroup

Snowflake (NYSE:SNOW) had its price objective reduced by Citigroup from $300.00 to $270.00 in a research report sent to investors on Wednesday morning,Benzinga reports. They currently have a buy rating on the stock.

Other equities research analysts have also recently issued reports about the company. DA Davidson reaffirmed a “buy” rating and set a $300.00 price objective on shares of Snowflake in a research report on Friday, January 30th. TD Cowen restated a “buy” rating on shares of Snowflake in a research note on Thursday, December 4th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Snowflake from $250.00 to $275.00 and gave the stock a “buy” rating in a research note on Thursday, December 4th. Citizens Jmp boosted their price objective on shares of Snowflake from $283.00 to $325.00 and gave the company a “market outperform” rating in a report on Tuesday, October 28th. Finally, Bank of America raised their target price on shares of Snowflake from $280.00 to $310.00 and gave the stock a “buy” rating in a report on Monday, November 17th. Two research analysts have rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, four have given a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $271.97.

Snowflake Trading Down 0.5%

NYSE:SNOW opened at $176.15 on Wednesday. The stock has a market cap of $60.28 billion, a price-to-earnings ratio of -43.60 and a beta of 1.14. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 1.07. The company’s 50 day moving average price is $206.03 and its 200-day moving average price is $224.37. Snowflake has a 52 week low of $120.10 and a 52 week high of $280.67.

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

Insider Transactions at Snowflake

In other Snowflake news, Director Michael L. Speiser sold 50,338 shares of the company’s stock in a transaction dated 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 owned 31,076 shares in the company, valued at $5,134,376.72. This represents a 61.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Christian Kleinerman sold 10,000 shares of Snowflake stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $197.09, for a total value of $1,970,900.00. Following the transaction, the executive vice president directly owned 461,351 shares in the company, valued at approximately $90,927,668.59. The trade was a 2.12% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 613,681 shares of company stock worth $130,573,518 over the last three months. 6.80% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Snowflake

Large investors have recently made changes to their positions in the business. Total Clarity Wealth Management Inc. lifted its holdings in Snowflake by 2.7% in the 3rd quarter. Total Clarity Wealth Management Inc. now owns 1,508 shares of the company’s stock worth $340,000 after purchasing an additional 40 shares in the last quarter. Diligent Investors LLC raised its position in shares of Snowflake by 0.9% during the third quarter. Diligent Investors LLC now owns 4,594 shares of the company’s stock valued at $1,036,000 after buying an additional 40 shares during the last quarter. Coastline Trust Co lifted its holdings in shares of Snowflake by 1.0% in the third quarter. Coastline Trust Co now owns 4,183 shares of the company’s stock worth $943,000 after buying an additional 42 shares in the last quarter. Wedbush Securities Inc. boosted its position in shares of Snowflake by 1.3% during the second quarter. Wedbush Securities Inc. now owns 3,717 shares of the company’s stock worth $832,000 after acquiring an additional 48 shares during the last quarter. Finally, Avion Wealth grew its stake in Snowflake by 76.6% during the second quarter. Avion Wealth now owns 113 shares of the company’s stock valued at $25,000 after acquiring an additional 49 shares in the last quarter. 65.10% of the stock is currently owned by hedge funds and other institutional investors.

Snowflake News Roundup

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Snowflake is being highlighted as a key AI infrastructure play and pushing partner momentum — positive for long-term demand and adoption. Snowflake Is Unlocking AI’s Future—And For Partners, There’s No Time Like The Present
• Positive Sentiment: Coverage noting AI is redefining cloud competition frames Snowflake as a beneficiary of rising enterprise AI adoption. How AI Is Redefining Enterprise Cloud Competition
• Positive Sentiment: Product update: Snowflake’s new coding agent is getting positive coverage from product leadership — supports execution narrative and could help near-term developer adoption. Snowflake’s new coding agent is in a category of its own, says head of product
• Positive Sentiment: Analysts and newsletters continue to flag Snowflake as an AI/cloud pick and expect an earnings beat — that supports upside if results match or exceed expectations. Snowflake Inc. (SNOW) Expected to Beat Earnings Estimates
• Neutral Sentiment: Citigroup trimmed its price target to $270 but kept a Buy rating — still implies substantial upside vs. current levels, though the cut lifts near-term caution. Benzinga Citigroup PT cut
• Neutral Sentiment: Goldman Sachs and Mizuho also reduced price targets (to $246 and $220 respectively) while keeping constructive ratings — signals analysts expect slower near-term multiple expansion but still see medium-term fundamentals. Goldman Sachs Reduces PT on Snowflake
• Neutral Sentiment: Guggenheim reaffirmed a Neutral rating — mixed signals from the sell side are increasing short-term volatility risk. Benzinga Guggenheim reaffirmed
• Negative Sentiment: Competitive pressure: Google Cloud rolled out a BigQuery global queries feature and the market flagged this as a direct competitive threat, which has pressured Snowflake shares. Snowflake stock falls amid Google’s new BigQuery global queries feature
• Negative Sentiment: Legal risk: Pomerantz LLP opened an investigation into Snowflake investor claims — introduces potential litigation risk and short-term downside if concerns escalate. INVESTOR ALERT: Pomerantz Law Firm Investigates Claims
• Negative Sentiment: Sector headwinds: recent weakness in other AI/software names (e.g., Palo Alto) and daily share declines in Snowflake coverage pieces are amplifying risk-off flows in cloud stocks. Palo Alto shares sink as AI hits software stocks

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.