Shares of Snowflake Inc. (NYSE:SNOW) have garnered an average rating of “Moderate Buy” from the thirty-seven ratings firms covering the stock, according to Marketbeat Ratings. Out of the analysts, one has assigned a sell rating, eleven have given a hold rating, and twenty-five have bestowed a buy rating on the company. The average 1-year price target among these brokerages is $176.03.
In recent research reports, Rosenblatt Securities reaffirmed its “buy” rating on Snowflake, setting a price target of $195.00. Stifel Nicolaus lowered their target price from $200.00 to $168.00 but maintained a “buy” rating. Piper Sandler restated an “overweight” rating with a $165.00 price target. Conversely, StockNews.com downgraded Snowflake from a “hold” to a “sell” rating. Needham & Company LLC also reduced their price target from $210.00 to $160.00 but maintained a “buy” rating.
Several institutional investors have made recent transactions with Snowflake shares. Commerce Bank increased its holdings by 0.8% during the fourth quarter. Park Avenue Securities LLC saw a 0.5% rise in its stake during the first quarter. Covestor Ltd experienced a 25.0% growth in its stake during the same period. IAM Advisory LLC raised its holdings by 2.0% in the first quarter, while Joseph P. Lucia & Associates LLC increased its position by 2.6%.
Snowflake’s stock opened at $111.71 on Friday, with a 12-month low of $107.93 and a high of $237.72. The company’s 50-day moving average price is $127.10, and its 200-day moving average price is $147.49. With a market capitalization of $37.40 billion, Snowflake has a P/E ratio of -39.90 and a beta of 0.83.
In its latest earnings report on August 21st, Snowflake reported earnings per share (EPS) of $0.18 for the quarter, surpassing the consensus estimate of $0.16 by $0.02. The company generated revenue of $868.80 million, exceeding the consensus estimate of $851.72 million. Snowflake’s net margin stood at -31.73%, with a negative return on equity of 19.62%. The firm’s revenue for the quarter increased by 28.9% year-over-year. Analysts predict that Snowflake will post -2.42 earnings per share for the current fiscal year.