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Snowflake (SNOW) Stock Forecast & Price Target

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$118.40
+1.07 (+0.91%)
(As of 10/29/2024 ET)
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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 38 Analyst Ratings
Sell
1
Hold
12
Buy
25

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, 12 have given a hold rating, and 25 have given a buy rating for SNOW.

Consensus Price Target

$174.74
47.59% Upside
According to the 38 analysts' twelve-month price targets for Snowflake, the average price target is $174.74. 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 47.59% from the current price of $118.40.
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SNOW Analyst Ratings Over Time

TypeCurrent Forecast
10/31/23 to 10/30/24		1 Month Ago
10/1/23 to 9/30/24		3 Months Ago
8/2/23 to 8/1/24		1 Year Ago
10/31/22 to 10/31/23
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
12 Hold rating(s)
11 Hold rating(s)
8 Hold rating(s)
7 Hold rating(s)
Sell
1 Sell rating(s)
1 Sell rating(s)
2 Sell rating(s)
1 Sell rating(s)
Consensus Price Target$174.74$175.17$197.31$189.18
Forecasted Upside47.59% Upside52.56% Upside58.82% Upside30.31% Upside
Consensus Rating
Moderate Buy
Moderate Buy
Moderate Buy
Moderate Buy

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.
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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.
Skip Chart and View Analyst Price Target HistorySkip Chart & View Price History Table

Snowflake Stock vs. The Competition

TypeSnowflakeComputer and Technology CompaniesS&P 500
Consensus Rating Score
2.63
2.67
2.50
Consensus RatingModerate BuyModerate BuyHold
Predicted Upside47.59% Upside688.56% Upside8.91% Upside
News Sentiment Rating
Neutral News

See Recent SNOW News
Positive News
Positive News
Export to Excel
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
10/17/2024Wedbush
3 of 5 stars		D. Ives
Subscribe to MarketBeat All Access for the recommendation accuracy rating		UpgradeHold
10/3/2024DA Davidson
3 of 5 stars		 Reiterated RatingBuy ➝ Buy$175.00 ➝ $175.00+58.37%
10/2/2024Rosenblatt Securities
3 of 5 stars		 Reiterated RatingBuy ➝ Buy$180.00 ➝ $180.00+61.87%
10/1/2024Argus
Subscribe to MarketBeat All Access for the recommendation accuracy rating		J. Bonner
Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated CoverageHold
9/24/2024UBS Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetNeutral ➝ Neutral$155.00 ➝ $125.00+13.09%
8/23/2024Hsbc Global Res
Subscribe to MarketBeat All Access for the recommendation accuracy rating		S. Bersey
Subscribe to MarketBeat All Access for the recommendation accuracy rating		UpgradeModerate Sell ➝ Hold
8/23/2024HSBC
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 UpgradeReduce ➝ Hold$119.00 ➝ $121.00+5.03%
8/22/2024Scotiabank
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetSector Outperform ➝ Sector Outperform$195.00 ➝ $165.00+40.51%
8/22/2024Jefferies Financial Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetBuy ➝ Buy$160.00 ➝ $145.00+23.48%
8/22/2024Wells 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 TargetEqual Weight ➝ Equal Weight$130.00 ➝ $125.00+5.10%
8/22/2024Morgan Stanley
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Reiterated RatingEqual Weight ➝ Equal Weight$175.00 ➝ $175.00+47.88%
8/22/2024Canaccord Genuity Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetBuy ➝ Buy$215.00 ➝ $190.00+60.55%
8/22/2024Piper Sandler
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Reiterated RatingOverweight ➝ Overweight$165.00 ➝ $165.00+22.21%
8/22/2024JMP Securities
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetMarket Outperform ➝ Market Outperform$235.00 ➝ $190.00+40.73%
8/22/2024Needham & Company LLC
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetBuy ➝ Buy$210.00 ➝ $160.00+18.51%
8/21/2024Loop Capital
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetBuy ➝ Buy$225.00 ➝ $185.00+40.25%
8/20/2024Citigroup
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetBuy ➝ Buy$236.00 ➝ $200.00+51.50%
8/20/2024Robert W. Baird
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetOutperform ➝ Outperform$200.00 ➝ $165.00+25.53%
8/19/2024Stifel Nicolaus
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetBuy ➝ Buy$200.00 ➝ $168.00+27.25%
8/19/2024Evercore ISI
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetOutperform ➝ Outperform$225.00 ➝ $170.00+29.84%
8/19/2024TD Cowen
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetBuy ➝ Buy$230.00 ➝ $180.00+38.30%
8/19/2024Barclays
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetEqual Weight ➝ Equal Weight$191.00 ➝ $146.00+14.03%
8/16/2024Bank of America
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetNeutral ➝ Neutral$200.00 ➝ $160.00+25.85%
7/1/2024The Goldman Sachs Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Reiterated RatingBuy ➝ Buy$220.00 ➝ $220.00+56.06%
6/5/2024Royal Bank of Canada
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetOutperform ➝ Outperform$226.00 ➝ $183.00+41.35%
6/5/2024Mizuho
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetBuy ➝ Buy$205.00 ➝ $180.00+31.39%
5/24/2024Macquarie
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetOutperform ➝ Outperform$205.00 ➝ $200.00+26.53%
5/23/2024Sanford C. Bernstein
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetMarket Perform ➝ Market Perform$171.00 ➝ $185.00+16.52%
5/23/2024Oppenheimer
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Reiterated RatingOutperform ➝ Outperform$220.00 ➝ $220.00+39.12%
5/23/2024JPMorgan Chase & Co.
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetOverweight ➝ Overweight$170.00 ➝ $185.00+13.30%
5/23/2024KeyCorp
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetOverweight ➝ Overweight$185.00 ➝ $200.00+22.48%
5/2/2024BNP Paribas
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 UpgradeNeutral ➝ Outperform$200.00+28.19%
3/19/2024Redburn Atlantic
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Reiterated RatingNeutral ➝ Sell$180.00 ➝ $125.00-20.03%
3/18/2024Monness Crespi & Hardt
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 UpgradeSell ➝ Neutral
3/15/2024Guggenheim
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 UpgradeSell ➝ Neutral
2/29/2024Truist Financial
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetBuy ➝ Buy$250.00 ➝ $210.00+12.97%
2/2/2024Raymond James
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetOutperform ➝ Outperform$190.00 ➝ $223.00+6.26%
11/8/2023Capital One Financial
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 UpgradeEqual Weight ➝ Overweight$195.00+22.20%
6/28/2023888
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Reiterated RatingMaintains
6/28/2023William Blair
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Initiated CoverageOutperform
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6/26/2023Deutsche Bank Aktiengesellschaft
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost Target$170.00 ➝ $185.00+2.49%
5/25/2023Wolfe Research
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 DowngradeOutperform ➝ Peer Perform
12/5/2022Credit Suisse Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetOutperform$250.00 ➝ $200.00+33.56%
12/1/2022Cowen
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower Target$235.00 ➝ $225.00+57.45%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Wednesday at 05:02 AM 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 Monday, October 21, 2024. Please send any questions or comments about these Snowflake pros and cons to contact@marketbeat.com.

Snowflake
Bull Case

green Wall Street bull icon

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

  • Snowflake Inc. has shown consistent revenue growth, up 28.9% compared to the same quarter last year, indicating a positive trend in the company's financial performance.
  • Analysts have given Snowflake Inc. a "Moderate Buy" rating with an average target price of $174.74, suggesting potential for stock price appreciation.
  • Snowflake Inc. provides a cloud-based data platform, a sector with high growth potential as organizations increasingly rely on data analytics for decision-making.
  • The company's innovative approach to data management and analytics could attract more clients and drive further revenue growth in the future.
  • Despite some analysts issuing hold ratings, Snowflake Inc. has a significant number of buy ratings, indicating confidence in the company's long-term prospects.

Snowflake
Bear Case

red Wall Street bear icon

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

  • Snowflake Inc. has reported a negative return on equity of 19.62% and a negative net margin of 31.73%, indicating potential financial instability and inefficiency.
  • Some sell-side analysts have lowered their price targets for Snowflake Inc., suggesting concerns about the company's future growth prospects or valuation.
  • The company is expected to post a negative EPS of -2.41 for the current fiscal year, which may raise doubts about its profitability and ability to generate positive earnings.
  • Investing in cloud-based technology companies like Snowflake Inc. carries inherent risks related to competition, technological disruptions, and changing market dynamics.
  • Snowflake Inc.'s stock price performance may be volatile, influenced by market sentiment, industry trends, and macroeconomic factors, posing risks for investors seeking stable returns.

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 $174.74, 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 year. There is currently 1 sell rating, 12 hold ratings and 25 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 47.59% based on their 12-month stock forecasts.

Over the previous 90 days, Snowflake's stock had 3 upgrades and 1 downgrade by analysts.

Analysts like Snowflake less than other "computer and technology" companies. The consensus rating score for Snowflake is 2.63 while the average consensus rating score for "computer and technology" companies is 2.67. Learn more on how SNOW compares to other companies.

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This page (NYSE:SNOW) was last updated on 10/30/2024 by MarketBeat.com Staff
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