Snowflake (SNOW) Stock Forecast & Price Target

$166.29 +2.08 (+1.27%)

(As of 12/20/2024 05:45 PM ET)

Snowflake - Analysts' Recommendations and Stock Price Forecast (2025)

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 38 Analyst Ratings

Sell
1

Hold
11

Buy
26

Based on 38 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 38 analysts, 1 has given a sell rating, 11 have given a hold rating, and 26 have given a buy rating for SNOW.

Consensus Price Target

$184.46
10.92% Upside

According to the 38 analysts' twelve-month price targets for Snowflake, the average price target is $184.46. 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 10.92% from the current price of $166.29.

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SNOW Analyst Ratings Over Time

Type	Current Forecast 12/22/23 to 12/21/24	1 Month Ago 11/22/23 to 11/21/24	3 Months Ago 9/23/23 to 9/22/24	1 Year Ago 12/22/22 to 12/22/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	26 Buy rating(s)	26 Buy rating(s)	25 Buy rating(s)	19 Buy rating(s)
Hold	11 Hold rating(s)	11 Hold rating(s)	11 Hold rating(s)	5 Hold rating(s)
Sell	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$184.46	$180.23	$176.03	$195.37
Forecasted Upside	10.92% Upside	5.37% Upside	59.63% Upside	-0.17% Downside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy

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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	2.66	2.69	2.51
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	10.92% Upside	265.03% Upside	14.52% Upside
News Sentiment Rating	Neutral News See Recent SNOW News	Positive 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
12/18/2024	Wedbush 4 of 5 stars	D. Ives Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Strong-Buy ➝ Hold
12/17/2024	Piper Sandler 2 of 5 stars		Reiterated Rating	Overweight ➝ Overweight	$185.00 ➝ $185.00	+8.10%
12/16/2024	Jefferies Financial Group 2 of 5 stars		Boost Target	Buy ➝ Buy	$180.00 ➝ $200.00	+19.28%
12/9/2024	Scotiabank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Sector Outperform ➝ Sector Outperform	$170.00 ➝ $220.00	+21.51%
12/6/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Equal Weight ➝ Equal Weight	$172.00 ➝ $190.00	+3.40%
12/5/2024	KeyCorp Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$185.00 ➝ $210.00	+12.57%
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12/3/2024	JMP Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Market Outperform ➝ Market Outperform	$190.00 ➝ $190.00	+10.72%
11/21/2024	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Buy	$210.00 ➝ $210.00	+20.93%
11/21/2024	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$165.00 ➝ $195.00	+15.67%
11/21/2024	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$180.00 ➝ $190.00	+11.82%
11/21/2024	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$180.00 ➝ $190.00	+11.82%
11/21/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$160.00 ➝ $185.00	+9.65%
11/21/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$175.00 ➝ $188.00	+11.43%
11/21/2024	Oppenheimer Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Outperform ➝ Outperform	$180.00 ➝ $180.00	+8.15%
11/21/2024	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$170.00 ➝ $190.00	+47.15%
11/21/2024	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	Boost Target	Equal Weight ➝ Equal Weight	$125.00 ➝ $150.00	+16.17%
11/21/2024	Needham & Company LLC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$160.00 ➝ $200.00	+54.89%
11/21/2024	Monness Crespi & Hardt Subscribe to MarketBeat All Access for the recommendation accuracy rating	B. White Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy	$140.00 ➝ $188.00	+45.60%
11/19/2024	Rosenblatt Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Buy	$180.00 ➝ $180.00	+40.12%
11/18/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$200.00 ➝ $183.00	+44.58%
10/3/2024	DA Davidson Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Buy	$175.00 ➝ $175.00	+58.37%
10/1/2024	Argus Subscribe to MarketBeat All Access for the recommendation accuracy rating	J. Bonner Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Hold
9/24/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$155.00 ➝ $125.00	+13.09%
8/23/2024	Hsbc Global Res Subscribe to MarketBeat All Access for the recommendation accuracy rating	S. Bersey Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Moderate Sell ➝ Hold
8/23/2024	HSBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Reduce ➝ Hold	$119.00 ➝ $121.00	+5.03%
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%
8/21/2024	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	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%
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%
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	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$170.00 ➝ $185.00	+13.30%
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%
3/15/2024	Guggenheim Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Sell ➝ Neutral
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
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6/28/2023	William Blair Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Outperform
5/25/2023	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Outperform ➝ Peer Perform

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 09:54 PM ET.

Should I Buy Snowflake Stock? SNOW Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Friday, December 13, 2024. Please send any questions or comments about these Snowflake pros and cons to contact@marketbeat.com.

Snowflake
Bull Case

Here are some ways that investors could benefit from investing in Snowflake Inc.:

Recent analyst upgrades have increased the price target for Snowflake Inc. to $190.00, indicating strong market confidence and potential for price appreciation.
The company has a significant market capitalization of $56.07 billion, which reflects its established position in the cloud data platform market and suggests stability.
Snowflake Inc. has seen substantial institutional investment, with 65.10% of its stock owned by institutional investors and hedge funds, indicating strong support from knowledgeable market players.
The current stock price is $170.00, which may present a buying opportunity for investors looking to enter at a lower price point compared to recent highs.
Snowflake Inc. has a positive growth outlook, with a consensus rating of "Moderate Buy" from analysts, suggesting that many believe the stock will perform well in the near future.

Snowflake
Bear Case

Investors should be bearish about investing in Snowflake Inc. for these reasons:

The company has a negative P/E ratio of -51.81, which indicates that it is currently not profitable, raising concerns about its ability to generate earnings in the near term.
Insider selling has been notable, with executives selling a total of 292,114 shares worth approximately $47.6 million over the last ninety days, which could signal a lack of confidence in the stock's future performance.
Despite recent upgrades, some analysts have issued sell ratings, reflecting mixed opinions on the stock's potential, which could lead to volatility.
The beta of 1.03 suggests that Snowflake Inc.'s stock price is expected to move in line with the market, which may not appeal to investors seeking higher returns in less correlated investments.
Recent price fluctuations, including a drop of $1.96 in a single trading session, highlight the stock's volatility, which could pose risks for investors looking for stability.

SNOW Forecast - Frequently Asked Questions

: According to the research reports of 38 Wall Street equities research analysts, the average twelve-month stock price forecast for Snowflake is $184.46, with a high forecast of $223.00 and a low forecast of $121.00.
: 38 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Snowflake in the last twelve months. There is currently 1 sell rating, 11 hold ratings and 26 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" SNOW shares.
: According to analysts, Snowflake's stock has a predicted upside of 10.92% based on their 12-month stock forecasts.
: Over the previous 90 days, Snowflake's stock had 3 upgrades and 1 downgrade by analysts.
: Snowflake has been rated by research analysts at Argus, Bank of America, Barclays, Citigroup, DA Davidson, Deutsche Bank Aktiengesellschaft, Evercore ISI, Jefferies Financial Group, JMP Securities, KeyCorp, Mizuho, Monness Crespi & Hardt, Needham & Company LLC, Oppenheimer, Piper Sandler, Rosenblatt Securities, Royal Bank of Canada, Scotiabank, TD Cowen, Truist Financial, UBS Group, Wedbush, and Wells Fargo & Company in the past 90 days.
: Analysts like Snowflake less than other "computer and technology" companies. The consensus rating score for Snowflake is 2.66 while the average consensus rating score for "computer and technology" companies is 2.69. Learn more on how SNOW compares to other companies.

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This page (NYSE:SNOW) was last updated on 12/21/2024 by MarketBeat.com Staff

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Snowflake (SNOW) Stock Forecast & Price Target