<div id="readability-page-1"><p><span>Snowflake (NYSE:SNOW - Get Free Report)</span> had its target price raised by stock analysts at Stifel Nicolaus  from $220.00 to $260.00 in a report issued on Thursday,Benzinga reports. The brokerage currently has a &#34;buy&#34; rating on the stock. Stifel Nicolaus' price target points to a potential upside of 11.56% from the stock's current price.</p><ul><li>4 Stocks Every AI ETF Is Buying—And They’re Not What You Think</li></ul><p>Other analysts have also recently issued reports about the company. Morgan Stanley began coverage on Snowflake in a research note on Tuesday, June 24th. They issued an &#34;overweight&#34; rating and a $262.00 price objective on the stock. Guggenheim  reiterated a &#34;neutral&#34; rating on shares of Snowflake in a research note on Thursday. CICC Research began coverage on Snowflake in a report on Friday, June 20th. They issued an &#34;outperform&#34; rating and a $225.00 target price on the stock. Rosenblatt Securities lifted their price target on Snowflake from $210.00 to $250.00 and gave the stock a &#34;buy&#34; rating in a report on Thursday. Finally, Royal Bank Of Canada lifted their price target on Snowflake from $250.00 to $275.00 and gave the stock an &#34;outperform&#34; rating in a report on Thursday. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-five have assigned  a Buy rating, four have assigned  a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat.com, Snowflake  has an average rating of &#34;Moderate Buy&#34; and an average price target of $245.30.</p><p><b>View Our Latest Stock Report on Snowflake</b></p><h2>Snowflake Price Performance</h2><ul><li>Top 5 Stocks for July: Momentum-Driven Picks to Watch Now</li></ul><p>SNOW stock opened at $233.05 on Thursday. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.58 and a quick ratio of 1.58. The business has a 50 day simple moving average of $210.30 and a 200-day simple moving average of $185.15. The firm has a market capitalization of $77.81 billion, a PE ratio of -55.36 and a beta of 1.22. Snowflake has a 1 year low of $107.13 and a 1 year high of $229.67. </p><h2>Insider Transactions at Snowflake</h2><p>In related news, Director Frank Slootman sold 256,046 shares of the company's stock in a transaction that occurred on Thursday, July 31st. The stock was sold at an average price of $227.15, for a total value of $58,160,848.90. Following the sale, the director owned 165,507 shares of the company's stock, valued at approximately $37,594,915.05. This represents a 60.74% decrease in their position. The transaction was disclosed in a filing with the Securities &amp; Exchange Commission, which can be accessed through this hyperlink. Also, Director Michael L. Speiser sold 403 shares of the company's stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $208.69, for a total value of $84,102.07. Following the completion of the sale, the director directly owned 26,136 shares in the company, valued at approximately $5,454,321.84. The trade was a 1.52% decrease in their position. The disclosure for this sale can be found here. Insiders sold 2,516,826 shares of company stock worth $555,691,052 over the last quarter. Insiders own  6.80% of the company's stock. </p><h2>Hedge Funds Weigh In On Snowflake</h2><ul><li>Snowflake Hits 52-Week High—Options Traders Bet on Further Rally</li></ul><p>A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Capital Advantage Inc. lifted its position in shares of  Snowflake by 1.1% during the second quarter. Capital Advantage Inc. now owns 4,412 shares of the company's stock worth $987,000 after purchasing an additional 48 shares during the last quarter.  Wedbush Securities Inc. raised its stake in  Snowflake by 1.3% during the second quarter. Wedbush Securities Inc. now owns 3,717 shares of the company's stock worth $832,000 after acquiring an additional 48 shares during the period.  Avion Wealth raised its stake in  Snowflake by 76.6% during the second quarter. Avion Wealth now owns 113 shares of the company's stock worth $25,000 after acquiring an additional 49 shares during the period.  Insigneo Advisory Services LLC raised its stake in  Snowflake by 1.3% during the second quarter. Insigneo Advisory Services LLC now owns 4,003 shares of the company's stock worth $896,000 after acquiring an additional 52 shares during the period.  Finally, Advyzon Investment Management LLC raised its stake in  Snowflake by 3.8% during the second quarter. Advyzon Investment Management LLC now owns 1,520 shares of the company's stock worth $340,000 after acquiring an additional 55 shares during the period. 65.10% of the stock is owned by hedge funds and other institutional investors. </p><h2>Snowflake Company Profile</h2> (Get Free Report)<p>Snowflake Inc provides a cloud-based data platform for various organizations in the United States and internationally. Its platform offers Data Cloud, which enables customers to consolidate data into a single source of truth to drive meaningful business insights, build data-driven applications, and share data and data products, as well as applies artificial intelligence (AI) for solving business problems.</p><h2>Further Reading</h2><ul><li>Five stocks we like better than Snowflake</li><li>P/E Ratio Calculation: How to Assess Stocks</li><li>The Uber Eats Partnership Fueling Serve Robotics' Growth</li><li>Best of the list of Dividend Aristocrats: Build wealth with the aristocrat index</li><li>Amazon’s Chart Just Flashed a Pennant Pattern—Here’s What to Do</li><li>How to Buy Cheap Stocks Step by Step</li><li>3 Undervalued Stocks Analysts Are Loving Right Now—Should You?</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsAndPriceTargetChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPVNOT1c?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="330" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsAndPriceTargetChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPVNOT1c"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Snowflake Right Now?</h2><p>Before you consider Snowflake, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Snowflake wasn't on the list.</p><p>While Snowflake currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

SNOW

<p>Stifel Nicolaus has raised its price target for Snowflake (NYSE:SNOW) from $220.00 to $260.00, maintaining a "buy" rating. This new target suggests an 11.56% upside from the current price. Other analysts have also issued positive ratings, with an average target of $245.30. Snowflake's stock opened at $233.05, and the company has a market cap of $77.81 billion. Recent insider transactions show significant stock sales, with insiders owning 6.80% of the company. Institutional investors hold 65.10% of the stock.</p>

Stifel Nicolaus Boosts Snowflake (NYSE:SNOW) Price Target to $260.00