Weekly Research Analysts’ Ratings Changes for Snowflake (SNOW)

Several brokerages have updated their recommendations and price targets on shares of Snowflake (NYSE: SNOW) in the last few weeks:

• 12/17/2024 – Snowflake had its “overweight” rating reaffirmed by analysts at Piper Sandler. They now have a $185.00 price target on the stock.
• 12/16/2024 – Snowflake had its price target raised by analysts at Jefferies Financial Group Inc. from $180.00 to $200.00. They now have a “buy” rating on the stock.
• 12/9/2024 – Snowflake had its price target raised by analysts at Scotiabank from $170.00 to $220.00. They now have a “sector outperform” rating on the stock.
• 12/6/2024 – Snowflake had its price target raised by analysts at Barclays PLC from $172.00 to $190.00. They now have an “equal weight” rating on the stock.
• 12/5/2024 – Snowflake had its price target raised by analysts at KeyCorp from $185.00 to $210.00. They now have an “overweight” rating on the stock.
• 12/3/2024 – Snowflake had its “market outperform” rating reaffirmed by analysts at JMP Securities. They now have a $190.00 price target on the stock.
• 11/28/2024 – Snowflake was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating.
• 11/25/2024 – Snowflake was upgraded by analysts at Wedbush from a “neutral” rating to an “outperform” rating. They now have a $190.00 price target on the stock.
• 11/21/2024 – Snowflake had its “overweight” rating reaffirmed by analysts at Piper Sandler. They now have a $185.00 price target on the stock, up previously from $165.00.
• 11/21/2024 – Snowflake had its price target raised by analysts at KeyCorp from $150.00 to $185.00. They now have an “overweight” rating on the stock.
• 11/21/2024 – Snowflake had its price target raised by analysts at Mizuho from $165.00 to $195.00. They now have an “outperform” rating on the stock.
• 11/21/2024 – Snowflake had its price target raised by analysts at Royal Bank of Canada from $175.00 to $188.00. They now have an “outperform” rating on the stock.
• 11/21/2024 – Snowflake had its “outperform” rating reaffirmed by analysts at Oppenheimer Holdings Inc.. They now have a $180.00 price target on the stock.
• 11/21/2024 – Snowflake had its price target raised by analysts at Evercore ISI from $170.00 to $190.00. They now have an “outperform” rating on the stock.
• 11/21/2024 – Snowflake had its price target raised by analysts at Wedbush from $130.00 to $160.00. They now have a “neutral” rating on the stock.
• 11/21/2024 – Snowflake had its price target raised by analysts at Bank of America Co. from $160.00 to $185.00. They now have a “neutral” rating on the stock.
• 11/21/2024 – Snowflake had its price target raised by analysts at Barclays PLC from $142.00 to $172.00. They now have an “equal weight” rating on the stock.
• 11/21/2024 – Snowflake had its price target raised by analysts at Wells Fargo & Company from $125.00 to $150.00. They now have an “equal weight” rating on the stock.
• 11/21/2024 – Snowflake had its “buy” rating reaffirmed by analysts at Truist Financial Co.. They now have a $210.00 price target on the stock.
• 11/21/2024 – Snowflake had its price target raised by analysts at Deutsche Bank Aktiengesellschaft from $180.00 to $190.00. They now have a “buy” rating on the stock.
• 11/21/2024 – Snowflake had its price target raised by analysts at TD Cowen from $180.00 to $190.00. They now have a “buy” rating on the stock.
• 11/21/2024 – Snowflake had its price target raised by analysts at Jefferies Financial Group Inc. from $145.00 to $180.00. They now have a “buy” rating on the stock.
• 11/21/2024 – Snowflake had its price target raised by analysts at Needham & Company LLC from $160.00 to $200.00. They now have a “buy” rating on the stock.
• 11/21/2024 – Snowflake had its price target raised by analysts at Monness Crespi & Hardt from $140.00 to $188.00. They now have a “buy” rating on the stock.
• 11/20/2024 – Snowflake was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.
• 11/19/2024 – Snowflake had its “buy” rating reaffirmed by analysts at Rosenblatt Securities. They now have a $180.00 price target on the stock.
• 11/18/2024 – Snowflake had its price target lowered by analysts at Citigroup Inc. from $200.00 to $183.00. They now have a “buy” rating on the stock.
• 11/12/2024 – Snowflake was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.
• 11/11/2024 – Snowflake had its price target lowered by analysts at KeyCorp from $168.00 to $150.00. They now have an “overweight” rating on the stock.
• 11/6/2024 – Snowflake was upgraded by analysts at Monness Crespi & Hardt from a “neutral” rating to a “buy” rating. They now have a $140.00 price target on the stock.

Snowflake Stock Performance

NYSE SNOW traded down $1.70 on Tuesday, reaching $170.77. 1,628,104 shares of the company’s stock traded hands, compared to its average volume of 6,777,985. The firm has a market cap of $56.37 billion, a price-to-earnings ratio of -50.37 and a beta of 1.03. The stock has a 50 day moving average price of $140.12 and a 200-day moving average price of $129.75. Snowflake Inc. has a fifty-two week low of $107.13 and a fifty-two week high of $237.72. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.88 and a current ratio of 1.88.

Insider Buying and Selling at Snowflake

In related news, CRO Christopher William Degnan sold 76,692 shares of the stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $168.42, for a total transaction of $12,916,466.64. Following the completion of the transaction, the executive now owns 346,741 shares of the company’s stock, valued at approximately $58,398,119.22. This trade represents a 18.11 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Christian Kleinerman sold 15,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $180.00, for a total transaction of $2,700,000.00. Following the completion of the transaction, the executive vice president now directly owns 691,755 shares of the company’s stock, valued at $124,515,900. This represents a 2.12 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 283,158 shares of company stock worth $46,709,467. Insiders own 7.80% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in SNOW. Ontario Teachers Pension Plan Board lifted its position in Snowflake by 19,399.2% during the 3rd quarter. Ontario Teachers Pension Plan Board now owns 2,572,336 shares of the company’s stock worth $295,459,000 after acquiring an additional 2,559,144 shares during the period. Two Sigma Advisers LP lifted its position in Snowflake by 27.9% during the 3rd quarter. Two Sigma Advisers LP now owns 4,043,200 shares of the company’s stock worth $464,402,000 after acquiring an additional 881,700 shares during the period. AQR Capital Management LLC lifted its position in Snowflake by 210.0% during the 2nd quarter. AQR Capital Management LLC now owns 974,576 shares of the company’s stock worth $131,656,000 after acquiring an additional 660,168 shares during the period. SG Americas Securities LLC lifted its holdings in shares of Snowflake by 471.9% in the 3rd quarter. SG Americas Securities LLC now owns 761,697 shares of the company’s stock valued at $87,489,000 after buying an additional 628,511 shares during the period. Finally, Daiwa Securities Group Inc. lifted its holdings in shares of Snowflake by 90.3% in the 2nd quarter. Daiwa Securities Group Inc. now owns 1,265,367 shares of the company’s stock valued at $170,938,000 after buying an additional 600,469 shares during the period. Hedge funds and other institutional investors own 65.10% of the company’s stock.

Snowflake Inc provides a cloud-based data platform for various organizations in the United States and internationally. Its platform offers Data Cloud, which enables customers to consolidate data into a single source of truth to drive meaningful business insights, build data-driven applications, and share data and data products, as well as applies artificial intelligence (AI) for solving business problems.