TD Cowen Has Lowered Expectations for Snowflake (NYSE:SNOW) Stock Price

26 Feb 2026, 18:47 by Kim Johansen · The Markets Daily

Snowflake (NYSE:SNOW – Get Free Report) had its price target reduced by research analysts at TD Cowen from $270.00 to $255.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. TD Cowen’s price objective indicates a potential upside of 51.77% from the stock’s current price.

Other research analysts have also recently issued research reports about the company. Canaccord Genuity Group upped their price target on Snowflake from $260.00 to $270.00 and gave the company a “buy” rating in a research report on Thursday, December 4th. Zacks Research downgraded shares of Snowflake from a “hold” rating to a “strong sell” rating in a report on Tuesday, February 3rd. Royal Bank Of Canada set a $245.00 target price on shares of Snowflake in a research report on Wednesday, February 11th. Morgan Stanley set a $270.00 price target on shares of Snowflake in a research report on Thursday, February 19th. Finally, Sanford C. Bernstein cut their price objective on shares of Snowflake from $237.00 to $195.00 and set a “market perform” rating for the company in a report on Thursday. Two analysts have rated the stock with a Strong Buy rating, thirty-three have issued a Buy rating, four have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, Snowflake presently has a consensus rating of “Moderate Buy” and a consensus price target of $252.26.

Check Out Our Latest Research Report on Snowflake

Snowflake Stock Performance

SNOW traded down $1.20 during midday trading on Thursday, reaching $168.01. The company had a trading volume of 11,017,888 shares, compared to its average volume of 6,434,785. Snowflake has a 12-month low of $120.10 and a 12-month high of $280.67. The business has a 50-day moving average price of $201.01 and a two-hundred day moving average price of $223.09. The stock has a market cap of $57.49 billion, a PE ratio of -41.47 and a beta of 1.14. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.37 and a current ratio of 1.37.

Snowflake (NYSE:SNOW – Get Free Report) last posted its quarterly earnings results on Wednesday, February 25th. The company reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.05. Snowflake had a negative net margin of 30.76% and a negative return on equity of 45.91%. The company had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.25 billion. During the same quarter in the previous year, the firm posted $0.30 EPS. Snowflake’s revenue was up 30.1% on a year-over-year basis. On average, sell-side analysts expect that Snowflake will post -2.36 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Michael L. Speiser sold 403 shares of the firm’s stock in a transaction on Friday, February 6th. The shares were sold at an average price of $165.22, for a total transaction of $66,583.66. Following the sale, the director owned 23,718 shares in the company, valued at approximately $3,918,687.96. This trade represents a 1.67% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Vivek Raghunathan sold 11,801 shares of the company’s stock in a transaction on Wednesday, December 31st. The stock was sold at an average price of $220.44, for a total transaction of $2,601,412.44. Following the completion of the transaction, the senior vice president owned 218,020 shares of the company’s stock, valued at $48,060,328.80. This trade represents a 5.13% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 713,681 shares of company stock worth $148,264,518. Insiders own 6.80% of the company’s stock.

Hedge Funds Weigh In On Snowflake

A number of hedge funds and other institutional investors have recently modified their holdings of SNOW. Total Clarity Wealth Management Inc. lifted its position in Snowflake by 2.7% in the 3rd quarter. Total Clarity Wealth Management Inc. now owns 1,508 shares of the company’s stock worth $340,000 after buying an additional 40 shares during the last quarter. Diligent Investors LLC lifted its holdings in shares of Snowflake by 0.9% in the 3rd quarter. Diligent Investors LLC now owns 4,594 shares of the company’s stock worth $1,036,000 after acquiring an additional 40 shares during the last quarter. Coastline Trust Co boosted its stake in shares of Snowflake by 1.0% in the 3rd quarter. Coastline Trust Co now owns 4,183 shares of the company’s stock valued at $943,000 after purchasing an additional 42 shares in the last quarter. Wedbush Securities Inc. grew its holdings in shares of Snowflake by 1.3% during the 2nd quarter. Wedbush Securities Inc. now owns 3,717 shares of the company’s stock valued at $832,000 after purchasing an additional 48 shares during the last quarter. Finally, CX Institutional grew its holdings in shares of Snowflake by 13.2% during the 3rd quarter. CX Institutional now owns 421 shares of the company’s stock valued at $95,000 after purchasing an additional 49 shares during the last quarter. 65.10% of the stock is currently owned by hedge funds and other institutional investors.

Key Snowflake News

Here are the key news stories impacting Snowflake this week:

Positive Sentiment: Q4 results beat and AI momentum — Snowflake reported Q4 revenue of $1.28B (≈+30% YoY) and $0.32 EPS, topping estimates; management said AI adoption is boosting demand, driving upside vs. Street forecasts and supporting the rally. Snowflake shares rise on AI-driven growth outlook
Positive Sentiment: Strong FY27 product-revenue outlook and large customer wins — Snowflake outlined ~27% product revenue growth guidance for FY27, cited expanding AI offerings and disclosed a large (reported $400M) contract, supporting forward revenue visibility. Snowflake outlines 27% product revenue growth outlook…
Positive Sentiment: Backlog / RPO strength — Management highlighted a sizable remaining performance obligation / revenue backlog (reported as ~$7.88B by some outlets), which investors view as evidence of durable demand tied to AI initiatives. Snowflake Revenue Rises As AI Adoption Accelerates
Neutral Sentiment: Mixed analyst reactions — Several firms reaffirmed or raised bullish ratings/targets (e.g., Monness Crespi, Rosenblatt), while others adjusted models; the split in Street opinion is producing both buy-case support and cautious commentary. Top Wall Street Forecasters Revamp Snowflake Expectations Ahead Of Q4
Negative Sentiment: Analyst price-target cuts — Some firms trimmed targets (Barclays to $192; Piper Sandler, Truist and others adjusted targets downward) or moved to more cautious stances, which can cap near-term upside despite the beat. These Analysts Slash Their Forecasts On Snowflake After Q4 Results
Negative Sentiment: Class-action/legal notices and deadline risk — Multiple law firms have filed or mailed investor notices about securities‑fraud claims (deadline April 27); litigation risk and associated headline risk are increasing investor caution. Faruqi & Faruqi investor notice

About Snowflake

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Snowflake Inc is a cloud-native data platform company that provides a suite of services for storing, processing and analyzing large volumes of data. Its core offering, often described as the Snowflake Data Cloud, combines data warehousing, data lake and data sharing capabilities in a single managed service delivered across major public cloud providers. The platform is designed to support analytics, data engineering, data science and application workloads with a focus on scalability, concurrency and simplified administration.