Fintel reports that on February 18, 2025, Wolfe Research upgraded their outlook for Snowflake (NYSE:SNOW) from Peer Perform to Outperform.
Analyst Price Forecast Suggests 6.88% Upside
As of January 29, 2025, the average one-year price target for Snowflake is $200.50/share. The forecasts range from a low of $116.15 to a high of $462.00. The average price target represents an increase of 6.88% from its latest reported closing price of $187.60 / share.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Snowflake is 6,373MM, an increase of 86.65%. The projected annual non-GAAP EPS is 1.73, an increase of 95.45% from the prior forecast.
What is the Fund Sentiment?
There are 1,632 funds or institutions reporting positions in Snowflake. This is an increase of 70 owner(s) or 4.48% in the last quarter. Average portfolio weight of all funds dedicated to SNOW is 0.31%, an increase of 17.37%. Total shares owned by institutions increased in the last three months by 0.48% to 232,214K shares. 
The put/call ratio of SNOW is 0.73, indicating a bullish outlook.
What are Other Shareholders Doing?
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 9,532K shares representing 2.89% ownership of the company. In its prior filing, the firm reported owning 9,516K shares , representing an increase of 0.17%. The firm decreased its portfolio allocation in SNOW by 20.01% over the last quarter.
Jennison Associates holds 7,637K shares representing 2.31% ownership of the company. In its prior filing, the firm reported owning 3,974K shares , representing an increase of 47.96%. The firm increased its portfolio allocation in SNOW by 34.10% over the last quarter.
Norges Bank holds 6,405K shares representing 1.94% ownership of the company. In its prior filing, the firm reported owning 0K shares , representing an increase of 100.00%.
Sc Us holds 5,949K shares representing 1.80% ownership of the company. In its prior filing, the firm reported owning 7,487K shares , representing a decrease of 25.85%. The firm decreased its portfolio allocation in SNOW by 2.05% over the last quarter.
VEXMX - Vanguard Extended Market Index Fund Investor Shares holds 5,000K shares representing 1.51% ownership of the company. In its prior filing, the firm reported owning 5,068K shares , representing a decrease of 1.36%. The firm decreased its portfolio allocation in SNOW by 22.09% over the last quarter.
Snowflake Background Information
(This description is provided by the company.)
Snowflake Inc. is a cloud computing-based data warehousing company based in San Mateo, California. It was founded in July 2012 and was publicly launched in October 2014 after two years in stealth mode. The company's name was chosen as a tribute to the founders' love of winter sports.
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