Analyst Ratings Coverage Change
Latest analysis of the analyst ratings for Snowflake:
Piper Jaffray Companies maintains an “Overweight” rating on Snowflake. Their target price range for the stock is USD 194 to USD 210, indicating their belief that the stock has the potential to outperform the market. This suggests that Piper Jaffray Companies has a positive outlook on Snowflake’s future performance.
Wells Fargo & Company has raised its target price for Snowflake from USD 185 to USD 195. This upward adjustment implies that Wells Fargo & Company sees increased value in Snowflake’s stock and expects it to reach a higher price range. The raised target price reflects their optimistic view of the company’s prospects.
Mizuho Securities maintains a “Buy” rating on Snowflake. They have set a target price range of USD 175 to USD 190. This suggests that Mizuho Securities believes Snowflake’s stock is worth buying and has the potential to appreciate in value within the specified price range.
Goldman Sachs & Co. also maintains a “Buy” rating on Snowflake, with a target price range of USD 185 to USD 210. This indicates their positive sentiment toward the stock and their expectation of strong performance from Snowflake in the future.
William Blair & Company has resumed coverage of Snowflake and assigned an “Outperform” rating. While no specific target price is mentioned, this rating suggests that William Blair & Company has a favorable view of Snowflake’s prospects compared to the overall market.
J.P. Morgan Chase & Co has raised its target price for Snowflake from USD 155 to USD 180. This upward revision indicates J.P. Morgan’s increased optimism about the stock’s potential for growth and value appreciation.
Stifel Nicolaus has also raised its target price for Snowflake from USD 180 to USD 200. This upward adjustment suggests that Stifel Nicolaus expects Snowflake’s stock to reach higher levels within the specified price range, reflecting their positive outlook on the company’s future performance.
SNOW Stock Forecast & Analysis
According to a stock forecast based on the opinions of 31 analysts, the average analyst target price for Snowflake Inc. is USD 186.54 over the next 12 months. This suggests that, on average, analysts expect the stock to reach this price level within the specified timeframe. Investors should note that individual analysts may have varying target prices, so it’s important to consider the range of opinions when interpreting this forecast.
The average analyst rating for Snowflake Inc. is Strong Buy. This indicates a generally positive sentiment among analysts regarding the company’s outlook. It suggests that, on average, analysts recommend buying Snowflake Inc.’s stock based on their assessment of its potential for growth and value appreciation.
Stock Target Advisor, however, has a bearish stock analysis for Snowflake Inc. According to their analysis, they have identified 2 positive signals and 6 negative signals, which collectively lead to a bearish outlook. It’s important to note that Stock Target Advisor’s analysis is just one perspective and may differ from the consensus of other analysts.
At the last closing, Snowflake Inc.’s stock price was USD 177.02. This represents the price at which the stock last traded in the market. Investors should be aware that stock prices can fluctuate and may not always align with analyst target prices or forecasts.
Over the past week, Snowflake Inc.’s stock price has changed by -1.15%. This indicates a slight decrease in value over the specified time period. However, over the past month, the stock price has increased by +18.01%, and over the last year, it has seen a gain of +19.49%. These figures highlight the stock’s recent performance and indicate that it has exhibited notable growth over the longer term.
