Snowflake (SNOW) Stock Forecast & Price Target

$108.56

-3.19 (-2.85%)

(As of 09/6/2024 ET)

Snowflake - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy
Based on 37 Analyst Ratings

Based on 37 Wall Street analysts who have issued ratings for Snowflake in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 37 analysts, 1 has given a sell rating, 11 have given a hold rating, and 25 have given a buy rating for SNOW.

Consensus Price Target

$176.03
62.15% Upside

High Forecast	$223.00
Average Forecast	$176.03
Low Forecast	$121.00

According to the 37 analysts' twelve-month price targets for Snowflake, the average price target is $176.03. The highest price target for SNOW is $223.00, while the lowest price target for SNOW is $121.00. The average price target represents a forecasted upside of 62.15% from the current price of $108.56.

Type	Current Forecast 9/8/23 to 9/7/24	1 Month Ago 8/9/23 to 8/8/24	3 Months Ago 6/10/23 to 6/9/24	1 Year Ago 9/8/22 to 9/8/23
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	25 Buy rating(s)	25 Buy rating(s)	25 Buy rating(s)	18 Buy rating(s)
Hold	11 Hold rating(s)	8 Hold rating(s)	8 Hold rating(s)	7 Hold rating(s)
Sell	1 Sell rating(s)	2 Sell rating(s)	2 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$176.03	$197.31	$198.92	$190.55
Forecasted Upside	62.15% Upside	23.37% Upside	22.00% Upside	20.46% Upside

Get Snowflake Upgrade and Downgrade Alerts

Sign-up to receive the latest news and ratings for SNOW and its competitors with MarketBeat's FREE daily newsletter.

Ad Porter & Company

Trump’s weapon lurks in abandoned America

Unemployment is sky-high, wages are at record lows. Addiction has overwhelmed these once thriving coal towns. Hopelessness abounds. And looking in, the future here looks bleak for these forgotten souls. But in a strange twist of fate, something miraculous is taking place…

Go here now to watch my new documentary

SNOW Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

SNOW Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Snowflake Stock vs. The Competition

Type	Snowflake	Computer and Technology Companies	S&P 500
Consensus Rating Score	2.65	2.64	2.51
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	62.15% Upside	202.64% Upside	11.36% Upside
News Sentiment Rating	Positive News	Neutral News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
8/23/2024	Hsbc Global Res 0 of 5 stars	S. Bersey Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Moderate Sell ➝ Hold
8/23/2024	HSBC 2 of 5 stars		Upgrade	Reduce ➝ Hold	$119.00 ➝ $121.00	+5.03%
8/22/2024	Scotiabank 5 of 5 stars		Lower Target	Sector Outperform ➝ Sector Outperform	$195.00 ➝ $165.00	+40.51%
8/22/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$160.00 ➝ $145.00	+23.48%
8/22/2024	Wedbush Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$210.00 ➝ $140.00	+20.07%
8/22/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating	M. Turrin Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Equal Weight ➝ Equal Weight	$130.00 ➝ $125.00	+5.10%
Get the Latest News and Ratings for SNOW and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Snowflake and its competitors with MarketBeat's FREE daily newsletter.
8/22/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Equal Weight ➝ Equal Weight	$175.00 ➝ $175.00	+47.88%
8/22/2024	Canaccord Genuity Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$215.00 ➝ $190.00	+60.55%
8/22/2024	DA Davidson Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$230.00 ➝ $175.00	+47.88%
8/22/2024	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Overweight ➝ Overweight	$165.00 ➝ $165.00	+22.21%
8/22/2024	JMP Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Market Outperform ➝ Market Outperform	$235.00 ➝ $190.00	+40.73%
8/22/2024	Needham & Company LLC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$210.00 ➝ $160.00	+18.51%
8/21/2024	Loop Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$225.00 ➝ $185.00	+40.25%
8/20/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$236.00 ➝ $200.00	+51.50%
8/20/2024	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$200.00 ➝ $165.00	+25.53%
8/19/2024	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$200.00 ➝ $168.00	+27.25%
8/19/2024	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$225.00 ➝ $170.00	+29.84%
8/19/2024	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$230.00 ➝ $180.00	+38.30%
8/19/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$171.00 ➝ $155.00	+19.09%
8/19/2024	Rosenblatt Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Buy	$195.00 ➝ $195.00	+52.30%
8/19/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Equal Weight ➝ Equal Weight	$191.00 ➝ $146.00	+14.03%
8/16/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$200.00 ➝ $160.00	+25.85%
7/1/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Buy	$220.00 ➝ $220.00	+56.06%
6/5/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$226.00 ➝ $183.00	+41.35%
6/5/2024	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$205.00 ➝ $180.00	+31.39%
5/24/2024	Macquarie Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$205.00 ➝ $200.00	+26.53%
5/23/2024	Sanford C. Bernstein Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Market Perform ➝ Market Perform	$171.00 ➝ $185.00	+16.52%
5/23/2024	Oppenheimer Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Outperform ➝ Outperform	$220.00 ➝ $220.00	+39.12%
5/23/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$170.00 ➝ $185.00	+13.30%
5/23/2024	KeyCorp Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$185.00 ➝ $200.00	+22.48%
5/2/2024	BNP Paribas Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Neutral ➝ Outperform	$200.00	+28.19%
3/19/2024	Redburn Atlantic Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Neutral ➝ Sell	$180.00 ➝ $125.00	-20.03%
3/18/2024	Monness Crespi & Hardt Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Sell ➝ Neutral
3/15/2024	Guggenheim Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Sell ➝ Neutral
2/29/2024	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$250.00 ➝ $210.00	+12.97%
2/2/2024	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$190.00 ➝ $223.00	+6.26%
11/8/2023	Capital One Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Equal Weight ➝ Overweight	$195.00	+22.20%
6/28/2023	888 Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Maintains
6/28/2023	William Blair Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Outperform
6/26/2023	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$170.00 ➝ $185.00	+2.49%
War on Elon Escalates… (Ad) A radical, potentially game-changing technology that threatens to destroy the trillion-dollar, “green energy” grift of the elites. And yet, while it threatens their wealth and power, it could be transformational for both the U.S. economy and your wealth. One company holds a near-total monopoly on it.
5/25/2023	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Outperform ➝ Peer Perform
12/5/2022	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform	$250.00 ➝ $200.00	+33.56%
12/1/2022	Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$235.00 ➝ $225.00	+57.45%
9/22/2022	Moffett Nathanson Subscribe to MarketBeat All Access for the recommendation accuracy rating	Sterling Auty Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Buy	$242.00	+35.41%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 11:45 PM ET.

SNOW Forecast - Frequently Asked Questions

What is Snowflake's forecast for 2024?: According to the research reports of 37 Wall Street equities research analysts, the average twelve-month stock price forecast for Snowflake is $176.03, with a high forecast of $223.00 and a low forecast of $121.00.
Should I buy or sell Snowflake stock right now?: 37 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Snowflake in the last year. There is currently 1 sell rating, 11 hold ratings and 25 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" SNOW shares.
Does Snowflake's stock price have much upside?: According to analysts, Snowflake's stock has a predicted upside of 26.10% based on their 12-month stock forecasts.
Has Snowflake been upgraded or downgraded by Wall Street analysts recently?: Over the previous 90 days, Snowflake's stock had 2 upgrades and 1 downgrade by analysts.
What analysts cover Snowflake?: Snowflake has been rated by research analysts at Bank of America, Barclays, Canaccord Genuity Group, Citigroup, DA Davidson, Evercore ISI, Hsbc Global Res, HSBC, Jefferies Financial Group, JMP Securities, Loop Capital, Morgan Stanley, Needham & Company LLC, Piper Sandler, Robert W. Baird, Rosenblatt Securities, Scotiabank, Stifel Nicolaus, TD Cowen, The Goldman Sachs Group, UBS Group, Wedbush, and Wells Fargo & Company in the past 90 days.
Do Wall Street analysts like Snowflake more than its competitors?: Analysts like Snowflake more than other "computer and technology" companies. The consensus rating score for Snowflake is 2.65 while the average consensus rating score for "computer and technology" companies is 2.64. Learn more on how SNOW compares to other companies.