Snowflake (NYSE:SNOW) Price Target Lowered to $230.00 at Piper Sandler

Snowflake (NYSE:SNOW) had its price objective trimmed by Piper Sandler from $285.00 to $230.00 in a research report released on Thursday morning,Benzinga reports. The firm currently has an overweight rating on the stock.

Several other brokerages also recently commented on SNOW. TD Cowen cut their price objective on shares of Snowflake from $300.00 to $270.00 and set a “buy” rating on the stock in a research report on Friday, February 20th. Wells Fargo & Company lowered their price objective on Snowflake from $290.00 to $210.00 and set an “overweight” rating on the stock in a research report on Thursday. Jefferies Financial Group set a $300.00 price target on Snowflake in a report on Monday, November 24th. Royal Bank Of Canada set a $245.00 price objective on Snowflake in a research report on Wednesday, February 11th. Finally, Oppenheimer reiterated a “buy” rating on shares of Snowflake in a report on Thursday. Two investment analysts have rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, four have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $248.58.

Snowflake Price Performance

SNOW stock opened at $173.03 on Thursday. The firm has a 50 day moving average price of $200.03 and a 200-day moving average price of $222.74. Snowflake has a 52-week low of $120.10 and a 52-week high of $280.67. The firm has a market capitalization of $59.21 billion, a price-to-earnings ratio of -43.81 and a beta of 1.14. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.37 and a current ratio of 1.37.

Snowflake (NYSE:SNOW) last posted its quarterly earnings results on Wednesday, February 25th. The company reported $0.32 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $1.25 billion. During the same quarter in the prior year, the business posted $0.30 EPS. The firm’s quarterly revenue was up 30.1% compared to the same quarter last year. Equities research analysts forecast that Snowflake will post -2.36 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Frank Slootman sold 200,000 shares of the firm’s stock in a transaction dated Thursday, December 18th. The stock was sold at an average price of $221.83, for a total transaction of $44,366,000.00. Following the completion of the transaction, the director owned 50,329 shares in the company, valued at $11,164,482.07. This trade represents a 79.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Michael L. Speiser sold 50,338 shares of the business’s stock in a transaction on Friday, December 5th. The stock was sold at an average price of $230.65, for a total transaction of $11,610,459.70. Following the completion of the sale, the director owned 32,756 shares in the company, valued at $7,555,171.40. This represents a 60.58% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 713,681 shares of company stock valued at $148,264,518. 6.80% of the stock is owned by company insiders.

Institutional Trading of Snowflake

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Norges Bank purchased a new stake in shares of Snowflake during the 4th quarter valued at $974,091,000. Winslow Capital Management LLC acquired a new position in Snowflake in the 2nd quarter worth approximately $725,667,000. Jennison Associates LLC lifted its position in Snowflake by 27.7% during the fourth quarter. Jennison Associates LLC now owns 11,603,302 shares of the company’s stock valued at $2,545,300,000 after purchasing an additional 2,519,413 shares during the period. Coatue Management LLC acquired a new position in Snowflake in the third quarter valued at approximately $441,277,000. Finally, Jericho Capital Asset Management L.P. purchased a new stake in Snowflake during the fourth quarter worth $345,619,000. Institutional investors own 65.10% of the company’s stock.

Trending Headlines about Snowflake

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

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.