Snowflake Inc. (NYSE: SNOW) has received a consensus rating of "Moderate Buy" from the 42 analysts currently covering the company, according to Marketbeat Ratings. The breakdown includes one sell rating, five hold ratings, and 36 buy ratings. The average 1-year price target among analysts is $413.87, reflecting a mix of optimistic and cautious outlooks.
Several analysts have recently updated their ratings and price targets for Snowflake. Piper Sandler reaffirmed an "overweight" rating with a target price of $450.00, up from $320.00. UBS Group increased its target to $500.00, while Goldman Sachs raised its target to $436.00. Robert W. Baird set a target at $450.00, and Bank of America upped its target to $395.00.
On Friday, Snowflake's stock traded down $8.09 to $290.61, with a trading volume of 2,931,762 shares. The stock has a 52-week range of $118.30 to $384.56 and a market capitalization of $102.53 billion. The company reported quarterly earnings of $0.62 per share, beating estimates by $0.17, with revenue of $1.55 billion, up 35.1% year-over-year.
Insider activity has been notable, with Director Michael Speiser selling 50,338 shares and Director Frank Slootman selling 300,000 shares. Institutional investors have also adjusted their stakes, with Janus Henderson Group, Swiss National Bank, and others increasing their holdings. Institutional investors now own 65.10% of the company's stock.