What is Snowflake's current Zacks Rank?
Snowflake Inc. possesses a Zacks Rank of #3 (Hold).
Finance / Stocks
Snowflake Inc. (SNOW) has experienced recent market fluctuations and analyst rating adjustments. This article summarizes the latest news and insights regarding SNOW's stock performance, upcoming earnings, and analyst perspectives.
Snowflake Inc. (SNOW) recently experienced a dip in its stock price, underperforming the broader market. According to Zacks Equity Research, in the latest close session, Snowflake Inc. (SNOW) was down 2.83% at $192.63. The stock's performance was behind the S&P 500's daily loss of 0.59%&ref=yanuki.com.
UBS Group lowered its price target for Snowflake from $265.00 to $250.00, while reaffirming a 'buy' rating. Other analysts have also weighed in, with varying price targets and ratings. MarketBeat reports that Stifel Nicolaus increased their price target on shares of Snowflake from $210.00 to $220.00 and gave the stock a 'buy' rating in a research note on Thursday, May 22nd&ref=yanuki.com. Hsbc Global Res downgraded Snowflake from a 'hold' rating to a 'strong sell' rating in a report on Thursday, May 22nd&ref=yanuki.com.
Upcoming earnings are slated for August 27, 2025, with forecasts indicating an EPS of $0.26, a 44.44% increase from the previous year. Revenue is expected to be $1.09 billion, a 24.91% increase year-over-year.
Insider trading activity revealed that CFO Michael Scarpelli sold 400,000 shares, reducing his stake significantly.
**How to Prepare**
**Who This Affects Most**
Snowflake Inc. possesses a Zacks Rank of #3 (Hold).
UBS Group currently has a buy rating on the stock but has lowered the price target to $250.00.
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