Snowflake (NYSE:SNOW) Upgraded at Zacks Research

Zacks Research upgraded shares of Snowflake (NYSE:SNOW) from a strong sell rating to a hold rating in a report published on Wednesday,Zacks.com reports.

Other analysts also recently issued reports about the stock. Argus upgraded shares of Snowflake from a “hold” rating to a “buy” rating and set a $300.00 price objective on the stock in a research report on Thursday, January 8th. Piper Sandler cut their price target on Snowflake from $285.00 to $230.00 and set an “overweight” rating for the company in a research note on Thursday, February 26th. Jefferies Financial Group set a $300.00 price target on Snowflake in a report on Monday, November 24th. JPMorgan Chase & Co. lowered their price objective on Snowflake from $268.00 to $245.00 and set an “overweight” rating on the stock in a research report on Thursday, February 26th. Finally, KeyCorp dropped their price objective on Snowflake from $285.00 to $235.00 and set an “overweight” rating for the company in a research note on Thursday, February 19th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, Snowflake presently has an average rating of “Moderate Buy” and a consensus target price of $248.58.

Snowflake Stock Up 1.6%

SNOW stock opened at $180.33 on Wednesday. The business’s 50-day moving average price is $193.81 and its 200-day moving average price is $221.74. The stock has a market cap of $61.71 billion, a P/E ratio of -45.65 and a beta of 1.16. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 1.07. Snowflake has a twelve month low of $120.10 and a twelve month high of $280.67.

Snowflake (NYSE:SNOW) last released its earnings results on Wednesday, February 25th. The company reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.25 billion. During the same period in the prior year, the firm posted $0.30 EPS. The firm’s quarterly revenue was up 30.1% compared to the same quarter last year. On average, equities research analysts forecast that Snowflake will post -2.36 EPS for the current year.

Insider Transactions at Snowflake

In other Snowflake news, SVP Vivek Raghunathan sold 11,801 shares of Snowflake stock in a transaction that occurred on 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 owned 218,020 shares of the company’s stock, valued at $48,060,328.80. The trade was a 5.13% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Frank Slootman sold 100,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 18th. The stock was sold at an average price of $176.91, for a total value of $17,691,000.00. Following the sale, the director directly owned 50,329 shares in the company, valued at $8,903,703.39. This trade represents a 66.52% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 662,940 shares of company stock valued at $135,715,906 over the last three months. Corporate insiders own 6.80% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Sumitomo Mitsui Trust Group Inc. grew its position in Snowflake by 1.1% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 732,092 shares of the company’s stock worth $165,123,000 after acquiring an additional 8,002 shares in the last quarter. Federated Hermes Inc. raised its position in Snowflake by 13.5% during the third quarter. Federated Hermes Inc. now owns 408,037 shares of the company’s stock valued at $92,047,000 after purchasing an additional 48,411 shares during the period. Penserra Capital Management LLC lifted its stake in shares of Snowflake by 32.8% in the 3rd quarter. Penserra Capital Management LLC now owns 153,358 shares of the company’s stock valued at $34,586,000 after purchasing an additional 37,911 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Snowflake by 3.1% in the 3rd quarter. Vanguard Group Inc. now owns 28,647,593 shares of the company’s stock valued at $6,461,465,000 after purchasing an additional 857,832 shares during the last quarter. Finally, Rheos Capital Works Inc. boosted its holdings in shares of Snowflake by 102.9% in the 3rd quarter. Rheos Capital Works Inc. now owns 207,000 shares of the company’s stock worth $46,689,000 after purchasing an additional 105,000 shares during the period. 65.10% of the stock is owned by hedge funds and other institutional investors.

Snowflake News Summary

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Strong post‑earnings / AI momentum: Market commentary points to follow‑through from Snowflake’s upbeat FY2026 results, double‑digit product revenue growth and expanding AI positioning (OpenAI/Anthropic partnerships, Cortex Code, Observe acquisition) as primary drivers of buying interest. QuiverQuant analysis
• Positive Sentiment: Anthropic marketplace mention: Anthropic’s new marketplace will surface third‑party tools that include Snowflake integrations — a distribution channel that could increase enterprise consumption of Snowflake services. Yahoo / Anthropic
• Neutral Sentiment: Analyst landscape and technicals: Recent analyst coverage remains largely constructive (multiple buy/overweight ratings and mid‑$200 median price target) which supports longer‑term conviction, while technical factors and short‑covering may amplify moves. QuiverQuant (ratings & targets)
• Neutral Sentiment: Minor analyst upgrade: Zacks moved SNOW from “strong sell” to “hold” — a modest sentiment improvement but not a full analyst endorsement. Zacks upgrade
• Negative Sentiment: Multiple securities class‑action notices filed/announced: Several plaintiff firms (Gross, Schall, Rosen, Pomerantz, Faruqi, Portnoy, Bernstein Liebhard, DJS and others) have issued investor alerts and filed complaints alleging disclosures relating to product efficiency/pricing and revenue — lead plaintiff deadlines around April 27, 2026. This legal cloud increases short‑term uncertainty and headline risk. Gross Law Firm
• Negative Sentiment: Broader wave of plaintiff outreach: Multiple other firms (Schall, Rosen, Pomerantz, Faruqi, Portnoy, Bernstein Liebhard, etc.) posted similar notices the same week, magnifying reputational/legal risk and potential future settlement/defense costs. Schall Law Firm

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.