Royal Bank Of Canada Issues Positive Forecast for Snowflake (NYSE:SNOW) Stock Price

Snowflake (NYSE:SNOW) had its price target upped by Royal Bank Of Canada from $284.00 to $313.00 in a report released on Friday morning,Benzinga reports. The firm currently has an outperform rating on the stock.

SNOW has been the topic of several other research reports. Monness Crespi & Hardt upped their price objective on Snowflake from $282.00 to $320.00 and gave the company a “buy” rating in a research note on Thursday, May 28th. Citizens Jmp reissued a “market outperform” rating and set a $325.00 target price on shares of Snowflake in a report on Tuesday, May 19th. KeyCorp increased their price target on Snowflake from $285.00 to $325.00 and gave the company an “overweight” rating in a research note on Thursday. Truist Financial lifted their price objective on shares of Snowflake from $275.00 to $300.00 and gave the stock a “buy” rating in a research report on Friday, June 5th. Finally, BTIG Research upped their price objective on shares of Snowflake from $280.00 to $325.00 and gave the company a “buy” rating in a report on Wednesday, June 3rd. Thirty-four equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Snowflake has an average rating of “Moderate Buy” and a consensus target price of $296.00.

Snowflake Trading Down 0.4%

NYSE SNOW opened at $268.85 on Friday. The company has a market cap of $93.18 billion, a PE ratio of -76.38 and a beta of 1.35. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 1.18. Snowflake has a 12 month low of $118.30 and a 12 month high of $284.99. The stock has a 50 day moving average of $227.43 and a 200-day moving average of $193.65.

Snowflake (NYSE:SNOW) last released its quarterly earnings data on Wednesday, May 27th. The company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.07. Snowflake had a negative net margin of 23.79% and a negative return on equity of 50.50%. The company had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.32 billion. During the same period in the previous year, the business earned $0.24 EPS. Snowflake’s revenue for the quarter was up 33.5% compared to the same quarter last year. On average, equities research analysts anticipate that Snowflake will post -1.84 EPS for the current fiscal year.

Insider Activity at Snowflake

In related news, Director Frank Slootman sold 99,900 shares of the firm’s stock in a transaction that occurred on Monday, June 29th. The stock was sold at an average price of $251.73, for a total transaction of $25,147,827.00. Following the completion of the sale, the director owned 28,535 shares of the company’s stock, valued at $7,183,115.55. This trade represents a 77.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Teresa Briggs sold 343 shares of the business’s stock in a transaction on Monday, July 6th. The shares were sold at an average price of $255.11, for a total transaction of $87,502.73. Following the transaction, the director owned 5,060 shares in the company, valued at $1,290,856.60. The trade was a 6.35% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 1,802,015 shares of company stock worth $421,739,629 over the last quarter. 4.80% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in SNOW. Kemnay Advisory Services Inc. bought a new stake in shares of Snowflake in the 4th quarter worth approximately $28,000. Greenline Wealth Management LLC bought a new position in shares of Snowflake during the 4th quarter worth $29,000. GoalVest Advisory LLC increased its holdings in Snowflake by 221.4% in the 4th quarter. GoalVest Advisory LLC now owns 135 shares of the company’s stock worth $30,000 after acquiring an additional 93 shares during the last quarter. Basecamp Wealth Advisors LLC increased its holdings in Snowflake by 140.5% in the 1st quarter. Basecamp Wealth Advisors LLC now owns 202 shares of the company’s stock worth $30,000 after acquiring an additional 118 shares during the last quarter. Finally, Physician Wealth Advisors Inc. raised its stake in Snowflake by 56.0% in the 4th quarter. Physician Wealth Advisors Inc. now owns 142 shares of the company’s stock valued at $31,000 after acquiring an additional 51 shares during the period. 65.10% of the stock is owned by institutional investors.

Trending Headlines about 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

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.