Snowflake (NYSE:SNOW) Price Target Lowered to $240.00 at Truist Financial

Posted by Defense World Staff on Feb 27th, 2026

Snowflake (NYSE:SNOW – Free Report) had its target price decreased by Truist Financial from $270.00 to $240.00 in a report published on Thursday,Benzinga reports. Truist Financial currently has a buy rating on the stock.

Several other brokerages have also recently issued reports on SNOW. Stifel Nicolaus lowered their price objective on shares of Snowflake from $280.00 to $225.00 and set a “buy” rating for the company in a research note on Monday. BTIG Research reduced their target price on Snowflake from $312.00 to $235.00 and set a “buy” rating on the stock in a report on Monday. Cantor Fitzgerald restated an “overweight” rating and set a $250.00 price target on shares of Snowflake in a research note on Monday. Piper Sandler cut their price objective on Snowflake from $285.00 to $230.00 and set an “overweight” rating on the stock in a report on Thursday. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on Snowflake from $250.00 to $275.00 and gave the stock a “buy” rating in a report on Thursday, December 4th. Two research analysts have rated the stock with a Strong Buy rating, thirty-three have assigned a Buy rating, four have given a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $248.58.

Get Our Latest Stock Report on SNOW

Snowflake Trading Up 2.3%

Shares of SNOW stock opened at $173.03 on Thursday. The firm has a market cap of $59.21 billion, a P/E ratio of -43.81 and a beta of 1.14. Snowflake has a 1-year low of $120.10 and a 1-year high of $280.67. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.37 and a quick ratio of 1.37. The firm’s 50-day simple moving average is $200.03 and its 200-day simple moving average is $222.74.

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

Insider Activity

In other news, EVP Christian Kleinerman sold 10,000 shares of the firm’s stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $197.09, for a total transaction of $1,970,900.00. Following the completion of the sale, the executive vice president directly owned 461,351 shares in the company, valued at $90,927,668.59. This trade represents a 2.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Vivek Raghunathan sold 11,801 shares of Snowflake stock in a transaction dated Wednesday, December 31st. The stock was sold at an average price of $220.44, for a total value of $2,601,412.44. Following the sale, the senior vice president directly owned 218,020 shares in the company, valued at approximately $48,060,328.80. The trade was a 5.13% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 713,681 shares of company stock valued at $148,264,518 in the last 90 days. Company insiders own 6.80% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Grey Fox Wealth Advisors LLC acquired a new position in shares of Snowflake in the 3rd quarter valued at approximately $25,000. Tripletail Wealth Management LLC acquired a new stake in shares of Snowflake during the third quarter worth approximately $28,000. Kemnay Advisory Services Inc. bought a new stake in shares of Snowflake in the fourth quarter worth $28,000. Rossby Financial LCC raised its holdings in Snowflake by 4,233.3% in the second quarter. Rossby Financial LCC now owns 130 shares of the company’s stock valued at $29,000 after acquiring an additional 127 shares in the last quarter. Finally, Greenline Wealth Management LLC acquired a new stake in Snowflake in the fourth quarter valued at $29,000. Hedge funds and other institutional investors own 65.10% of the company’s stock.

Key Headlines Impacting 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

About Snowflake

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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.