Snowflake (NYSE:SNOW) Price Target Cut to $200.00 by Analysts at KeyCorp

Snowflake (NYSE:SNOW) had its target price cut by KeyCorp from $235.00 to $200.00 in a research report sent to investors on Wednesday morning,Benzinga reports. They currently have an overweight rating on the stock.

A number of other brokerages also recently commented on SNOW. Stifel Nicolaus set a $205.00 target price on Snowflake in a research note on Thursday, February 26th. Zacks Research upgraded Snowflake from a “strong sell” rating to a “hold” rating in a research note on Wednesday, March 4th. Monness Crespi & Hardt boosted their target price on Snowflake from $275.00 to $282.00 and gave the company a “buy” rating in a research note on Thursday, February 26th. UBS Group lowered their target price on Snowflake from $265.00 to $235.00 and set a “buy” rating on the stock in a research note on Thursday, February 26th. Finally, Canaccord Genuity Group lowered their target price on Snowflake from $270.00 to $240.00 and set a “buy” rating on the stock in a research note on Thursday, February 26th. One research analyst has rated the stock with a Strong Buy rating, thirty-three have given a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $242.86.

Snowflake Stock Performance

Shares of NYSE SNOW opened at $144.47 on Wednesday. The business’s 50-day moving average price is $164.85 and its two-hundred day moving average price is $209.94. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.30 and a quick ratio of 1.30. Snowflake has a one year low of $118.30 and a one year high of $280.67. The company has a market capitalization of $49.94 billion, a P/E ratio of -36.58 and a beta of 1.23.

Snowflake (NYSE:SNOW) last issued its earnings results on Wednesday, February 25th. The company reported $0.32 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.05. Snowflake had a negative return on equity of 50.61% and a negative net margin of 28.43%.The firm had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.25 billion. During the same quarter in the previous year, the company posted $0.30 earnings per share. The business’s quarterly revenue was up 30.1% compared to the same quarter last year. Analysts anticipate that Snowflake will post -2.36 earnings per share for the current fiscal year.

Insider Activity at Snowflake

In other news, CAO Emily Ho sold 2,141 shares of the company’s stock in a transaction dated Monday, March 23rd. The stock was sold at an average price of $173.97, for a total transaction of $372,469.77. Following the completion of the sale, the chief accounting officer owned 44,553 shares in the company, valued at approximately $7,750,885.41. This represents a 4.59% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Christian Kleinerman sold 2,621 shares of the company’s stock in a transaction dated Monday, March 23rd. The stock was sold at an average price of $170.01, for a total value of $445,596.21. Following the sale, the executive vice president owned 533,494 shares of the company’s stock, valued at approximately $90,699,314.94. This trade represents a 0.49% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 594,313 shares of company stock worth $108,831,780 in the last 90 days. Insiders own 6.80% of the company’s stock.

Institutional Trading of Snowflake

Several large investors have recently made changes to their positions in SNOW. Total Clarity Wealth Management Inc. increased its position in shares of Snowflake by 2.7% in the third quarter. Total Clarity Wealth Management Inc. now owns 1,508 shares of the company’s stock valued at $340,000 after acquiring an additional 40 shares during the last quarter. Diligent Investors LLC increased its position in shares of Snowflake by 0.9% in the third quarter. Diligent Investors LLC now owns 4,594 shares of the company’s stock valued at $1,036,000 after acquiring an additional 40 shares during the last quarter. Coastline Trust Co increased its position in shares of Snowflake by 1.0% in the third quarter. Coastline Trust Co now owns 4,183 shares of the company’s stock valued at $943,000 after acquiring an additional 42 shares during the last quarter. CX Institutional increased its position in shares of Snowflake by 13.2% in the third quarter. CX Institutional now owns 421 shares of the company’s stock valued at $95,000 after acquiring an additional 49 shares during the last quarter. Finally, Hazlett Burt & Watson Inc. increased its position in shares of Snowflake by 44.1% in the third quarter. Hazlett Burt & Watson Inc. now owns 160 shares of the company’s stock valued at $36,000 after acquiring an additional 49 shares during the last quarter. Institutional investors own 65.10% of the company’s stock.

More Snowflake News

Here are the key news stories impacting Snowflake this week:

• Positive Sentiment: Health‑care AI adoption inside Snowflake: third‑party vendors (e.g., Penguin AI) have launched Snowflake‑native healthcare AI apps on the Snowflake Marketplace, reinforcing Snowflake’s positioning as an execution layer for governed clinical and claims data — a tangible product use case that can drive marketplace revenue and stickiness. Is Snowflake (SNOW) Quietly Shifting From Data Warehouse To Healthcare AI Execution Platform?
• Positive Sentiment: Buy‑the‑dip narrative: bullish commentary and retail/coverage pieces are pitching SNOW as attractive after the selloff (calls for accumulation and multi‑year upside scenarios). That framing can attract bargain hunters and short‑covering flows. Buy This 1 Stock for Triple‑Digit Gains as It Recovers From the “Saaspocalypse”
• Neutral Sentiment: KeyBanc trims price target from $235 to $200 but keeps an Overweight rating — a cautious tweak that signals slower upside expectations from this analyst yet maintains institutional support. The target cut is a modest headwind but not a vote to downgrade. KeyBanc Trims Snowflake’s Target to $200
• Neutral Sentiment: Reported security incident coverage (Rockstar Games data) has referenced Snowflake in the chain of systems; impact to SNOW’s business is unclear but such headlines can raise short‑term operational/conduct concerns among investors. Snowflake‑Linked Hack Hits Rockstar Games
• Negative Sentiment: Multiple securities‑fraud class action notices and law‑firm alerts have been filed/published (Rosen, Bronstein, Faruqi, Levi & Korsinsky, Pomerantz, Schall, Portnoy, Bernstein Liebhard, Gross, etc.), all citing alleged misstatements tied to the June 27, 2023–Feb 28, 2024 class period and urging investors to act before the April 27, 2026 lead‑plaintiff deadline. This wave increases legal and reputational risk and can sustain downward pressure or volatility until resolved. SNOW FINAL DEADLINE: Rosen Law Firm Alert LEVI & KORSINSKY: Disclosure Timeline

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.