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Snowflake Inc has a consensus price target of $181.43 based on the ratings of 38 analysts. The high is $225 issued by Citigroup on November 22, 2024. The low is $121 issued by HSBC on August 23, 2024. The 3 most-recent analyst ratings were released by Piper Sandler, Jefferies, and Scotiabank on December 17, 2024, December 16, 2024, and December 9, 2024, respectively. With an average price target of $201.67 between Piper Sandler, Jefferies, and Scotiabank, there's an implied 20.76% upside for Snowflake Inc from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Snowflake (NYSE:SNOW) was reported by Piper Sandler on December 17, 2024. The analyst firm set a price target for $185.00 expecting SNOW to rise to within 12 months (a possible 10.78% upside). 100 analyst firms have reported ratings in the last year.
The latest analyst rating for Snowflake (NYSE:SNOW) was provided by Piper Sandler, and Snowflake maintained their overweight rating.
The last upgrade for Snowflake Inc happened on November 25, 2024 when Wedbush raised their price target to $190. Wedbush previously had a neutral for Snowflake Inc.
The last downgrade for Snowflake Inc happened on October 22, 2024 when Cleveland Research changed their price target from N/A to N/A for Snowflake Inc.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Snowflake, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Snowflake was filed on December 17, 2024 so you should expect the next rating to be made available sometime around December 17, 2025.
While ratings are subjective and will change, the latest Snowflake (SNOW) rating was a maintained with a price target of $185.00 to $185.00. The current price Snowflake (SNOW) is trading at is $167.00, which is out of the analyst’s predicted range.
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