Snowflake (SNOW) Stock Forecast, Price Target & Predictions
SNOW Stock Forecast
Snowflake stock forecast is as follows: an average price target of $206.83 (represents a 81.96% upside from SNOW’s last price of $113.67) and a rating consensus of 'Buy', based on 45 wall street analysts offering a 1-year stock forecast.
SNOW Price Target
The average price target for Snowflake (SNOW) is $206.83 based on 1-year price targets from 45 Wall Street analysts in the past 3 months, with a price target range of $415.00 to $121.00. This represents a potential 81.96% upside from SNOW's last price of $113.67.
SNOW Analyst Ratings
According to 45 Wall Street analysts, Snowflake's rating consensus is 'Buy'. The analyst rating breakdown for SNOW stock is 0 'Strong Buy' (0.00%), 29 'Buy' (64.44%), 15 'Hold' (33.33%), 1 'Sell' (2.22%), and 0 'Strong Sell' (0.00%).
Snowflake Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Aug 23, 2024 | Stephen Bersey | HSBC | $121.00 | $115.21 | 5.03% | 6.45% |
| Aug 22, 2024 | Michael Turrin | Wells Fargo | $125.00 | $135.06 | -7.45% | 9.97% |
| Aug 22, 2024 | Patrick Walravens | JMP Securities | $190.00 | $135.06 | 40.68% | 67.15% |
| Aug 21, 2024 | Mark Schappel | Loop Capital Markets | $185.00 | $131.92 | 40.24% | 62.75% |
| Aug 20, 2024 | Tyler Radke | Citigroup | $200.00 | $131.42 | 52.18% | 75.95% |
| Aug 19, 2024 | Kirk Materne | Evercore ISI | $170.00 | $128.04 | 32.77% | 49.56% |
| Aug 19, 2024 | Brad Reback | Stifel Nicolaus | $168.00 | $128.04 | 31.21% | 47.80% |
| Aug 19, 2024 | Raimo Lenschow | Barclays | $146.00 | $128.04 | 14.03% | 28.44% |
| Aug 16, 2024 | Brad Sills | Bank of America Securities | $160.00 | $127.05 | 25.93% | 40.76% |
| Jun 21, 2024 | Michael Turrin | Wells Fargo | $200.00 | $126.62 | 57.95% | 75.95% |
The latest Snowflake stock forecast, released on Aug 23, 2024 by Stephen Bersey from HSBC, set a price target of $121.00, which represents a 5.03% increase from the stock price at the time of the forecast ($115.21), and a 6.45% increase from SNOW last price ($113.67).
Snowflake Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 9 | 10 | 44 |
| Avg Price Target | $162.78 | $166.50 | $200.27 |
| Last Closing Price | $113.67 | $113.67 | $113.67 |
| Upside/Downside | 43.20% | 46.48% | 76.19% |
In the current month, the average price target of Snowflake stock is $162.78, according to 9 Wall Street analysts offering twelve months forecast. The average price target represents a 43.20% increase as opposed to Snowflake's last price of $113.67. This month's average price target is down -2.23% compared to last quarter, and down -18.72% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Aug 23, 2024 | HSBC | - | Hold | Upgrade |
| Aug 22, 2024 | Wells Fargo | Equal-Weight | Equal-Weight | Hold |
| Aug 22, 2024 | JMP Securities | Outperform | Outperform | Hold |
| Aug 21, 2024 | UBS | Neutral | Neutral | Hold |
| Aug 21, 2024 | Loop Capital Markets | Buy | Buy | Hold |
| Aug 20, 2024 | Citigroup | Buy | Buy | Hold |
| Aug 19, 2024 | Evercore ISI | Outperform | Outperform | Hold |
| Aug 19, 2024 | Cowen & Co. | Buy | Buy | Hold |
| Aug 19, 2024 | Barclays | Equal-Weight | Equal-Weight | Hold |
| Aug 16, 2024 | KeyBanc | Overweight | Overweight | Hold |
Snowflake's last stock rating was published by HSBC on Aug 23, 2024. The company Upgrade its SNOW rating from "null" to "Hold".
Snowflake Financial Forecast
Snowflake Revenue Forecast
| Jan 27 | Oct 26 | Jul 26 | May 26 | Jan 26 | Oct 25 | Jul 25 | May 25 | Jan 25 | Oct 24 | Jul 24 | May 24 | Jan 24 | Oct 23 | Jul 23 | May 23 | Jan 23 | Oct 22 | Jul 22 | Apr 22 | Jan 22 | Oct 21 | Jul 21 | Apr 21 | Jan 21 | Oct 20 | Jul 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | $774.70M | $734.17M | $674.02M | - | $589.01M | $557.03M | $497.25M | $422.37M | $383.77M | $334.44M | $272.20M | $228.91M | $190.47M | $159.62M | $133.15M |
| Avg Forecast | $1.40B | $1.34B | $1.29B | $1.22B | $1.16B | $1.11B | $1.06B | $1.00B | $934.50M | $899.30M | $853.11M | $788.10M | $760.43M | $713.75M | $662.22M | $613.17M | $575.94M | $539.55M | $467.48M | $413.72M | $372.74M | $305.61M | $256.11M | $212.60M | $178.55M | $147.67M | $133.10M |
| High Forecast | $1.51B | $1.45B | $1.39B | $1.32B | $1.25B | $1.20B | $1.15B | $1.08B | $1.02B | $953.92M | $919.02M | $848.99M | $819.18M | $718.03M | $713.38M | $660.54M | $620.44M | $581.24M | $484.70M | $427.01M | $382.33M | $313.47M | $262.70M | $218.06M | $183.14M | $151.47M | $136.52M |
| Low Forecast | $1.39B | $1.33B | $1.28B | $1.21B | $1.15B | $1.10B | $1.06B | $993.91M | $924.48M | $893.39M | $845.91M | $781.45M | $754.01M | $710.20M | $656.63M | $607.99M | $571.08M | $535.00M | $463.31M | $403.98M | $367.25M | $301.11M | $252.34M | $209.46M | $175.91M | $145.49M | $131.14M |
| # Analysts | 12 | 20 | 11 | 14 | 11 | 10 | 15 | 10 | 22 | 23 | 17 | 16 | 15 | 23 | 22 | 21 | 20 | 10 | 10 | 10 | 10 | 11 | 11 | 11 | 11 | 15 | 14 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.02% | 1.03% | 1.02% | - | 1.02% | 1.03% | 1.06% | 1.02% | 1.03% | 1.09% | 1.06% | 1.08% | 1.07% | 1.08% | 1.00% |
Snowflake's average Quarter revenue forecast for May 24 based on 16 analysts is $788.10M, with a low forecast of $781.45M, and a high forecast of $848.99M. SNOW's average Quarter revenue forecast represents a 1.73% increase compared to the company's last Quarter revenue of $774.70M (Jan 24).
Snowflake EBITDA Forecast
| Jan 27 | Oct 26 | Jul 26 | May 26 | Jan 26 | Oct 25 | Jul 25 | May 25 | Jan 25 | Oct 24 | Jul 24 | May 24 | Jan 24 | Oct 23 | Jul 23 | May 23 | Jan 23 | Oct 22 | Jul 22 | Apr 22 | Jan 22 | Oct 21 | Jul 21 | Apr 21 | Jan 21 | Oct 20 | Jul 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 12 | 20 | 11 | 14 | 11 | 10 | 15 | 10 | 22 | 23 | 17 | 16 | 15 | 23 | 22 | 21 | 20 | 10 | 10 | 10 | 10 | 11 | 11 | 11 | 11 | 15 | 14 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | $-226.77M | $-228.15M | $-256.12M | - | $-220.02M | $-188.32M | $-191.56M | $-178.82M | $-124.69M | $-148.16M | $-183.82M | $-198.79M | $-194.38M | $-165.61M | $-74.86M |
| Avg Forecast | $-897.00M | $-858.93M | $-822.52M | $-782.01M | $-744.34M | $-710.42M | $-680.02M | $-640.57M | $-597.20M | $-574.70M | $-545.19M | $-266.48M | $-485.96M | $-456.13M | $-423.19M | $-242.26M | $-368.06M | $-149.63M | $-298.75M | $-265.77M | $-355.58M | $-136.03M | $-260.91M | $-205.81M | $-152.87M | $-93.81M | $-84.56M |
| High Forecast | $-889.43M | $-851.68M | $-815.57M | $-775.41M | $-738.06M | $-704.43M | $-674.27M | $-635.16M | $-590.79M | $-570.93M | $-540.58M | $-213.19M | $-481.86M | $-453.85M | $-419.62M | $-193.81M | $-364.95M | $-119.70M | $-296.08M | $-259.52M | $-284.47M | $-108.82M | $-208.73M | $-164.65M | $-122.29M | $-92.43M | $-83.31M |
| Low Forecast | $-966.30M | $-925.29M | $-886.06M | $-842.42M | $-801.85M | $-765.31M | $-732.55M | $-690.06M | $-652.46M | $-609.61M | $-587.30M | $-319.78M | $-523.50M | $-458.86M | $-455.89M | $-290.71M | $-396.49M | $-179.56M | $-309.75M | $-274.31M | $-426.70M | $-163.23M | $-313.09M | $-246.97M | $-183.44M | $-96.22M | $-86.73M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.47% | 0.50% | 0.61% | - | 0.60% | 1.26% | 0.64% | 0.67% | 0.35% | 1.09% | 0.70% | 0.97% | 1.27% | 1.77% | 0.89% |
undefined analysts predict SNOW's average Quarter EBITDA for undefined to be $NaN, with a high of $NaN and a low of $NaN. This is NaN% lower than Snowflake's previous annual EBITDA (undefined) of $NaN.
Snowflake Net Income Forecast
| Jan 27 | Oct 26 | Jul 26 | May 26 | Jan 26 | Oct 25 | Jul 25 | May 25 | Jan 25 | Oct 24 | Jul 24 | May 24 | Jan 24 | Oct 23 | Jul 23 | May 23 | Jan 23 | Oct 22 | Jul 22 | Apr 22 | Jan 22 | Oct 21 | Jul 21 | Apr 21 | Jan 21 | Oct 20 | Jul 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 12 | 20 | 11 | 14 | 11 | 10 | 15 | 10 | 22 | 23 | 17 | 16 | 15 | 23 | 22 | 21 | 20 | 10 | 10 | 10 | 10 | 11 | 11 | 11 | 11 | 15 | 14 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | $-169.35M | $-214.25M | $-226.87M | - | $-207.48M | $-201.44M | $-222.81M | $-165.79M | $-132.15M | $-154.86M | $-189.72M | $-203.22M | $-198.94M | $-168.89M | $-77.63M |
| Avg Forecast | $126.54M | $117.54M | $105.54M | $92.30M | $88.75M | $81.76M | $73.73M | $65.23M | $40.55M | $51.32M | $53.79M | $-287.83M | $60.86M | $53.15M | $34.71M | $-261.66M | $14.46M | $-154.43M | $-3.97M | $437.36K | $-371.65M | $-140.39M | $-266.73M | $-210.64M | $-155.90M | $-86.35M | $-79.46M |
| High Forecast | $139.24M | $129.35M | $116.14M | $101.57M | $97.66M | $89.98M | $81.14M | $71.79M | $64.21M | $71.85M | $59.19M | $-230.26M | $66.97M | $86.37M | $38.19M | $-209.33M | $15.91M | $-123.55M | $-3.92M | $455.62K | $-297.32M | $-112.31M | $-213.38M | $-168.51M | $-124.72M | $-84.69M | $-77.94M |
| Low Forecast | $125.15M | $116.25M | $104.38M | $91.28M | $87.77M | $80.87M | $72.92M | $64.52M | $16.90M | $41.06M | $53.19M | $-345.40M | $60.19M | $16.61M | $34.33M | $-314.00M | $14.30M | $-185.32M | $-4.16M | $423.98K | $-445.99M | $-168.47M | $-320.07M | $-252.76M | $-187.08M | $-89.24M | $-82.11M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | -2.78% | -4.03% | -6.54% | - | -14.35% | 1.30% | 56.13% | -379.08% | 0.36% | 1.10% | 0.71% | 0.96% | 1.28% | 1.96% | 0.98% |
Snowflake's average Quarter net income forecast for undefined is $NaN, with a range of $NaN to $NaN. SNOW's average Quarter net income forecast represents a NaN% decrease compared to the company's last Quarter net income of $NaN (undefined).
Snowflake SG&A Forecast
| Jan 27 | Oct 26 | Jul 26 | May 26 | Jan 26 | Oct 25 | Jul 25 | May 25 | Jan 25 | Oct 24 | Jul 24 | May 24 | Jan 24 | Oct 23 | Jul 23 | May 23 | Jan 23 | Oct 22 | Jul 22 | Apr 22 | Jan 22 | Oct 21 | Jul 21 | Apr 21 | Jan 21 | Oct 20 | Jul 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 12 | 20 | 11 | 14 | 11 | 10 | 15 | 10 | 22 | 23 | 17 | 16 | 15 | 23 | 22 | 21 | 20 | 10 | 10 | 10 | 10 | 11 | 11 | 11 | 11 | 15 | 14 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | $441.81M | $433.78M | $427.04M | - | $380.98M | $360.94M | $348.00M | $312.41M | $278.47M | $255.03M | $248.13M | $227.37M | $213.96M | $188.26M | $123.85M |
| Avg Forecast | $1.33B | $1.27B | $1.22B | $1.16B | $1.10B | $1.05B | $1.01B | $950.16M | $885.82M | $852.46M | $808.68M | $606.52M | $720.82M | $676.57M | $627.72M | $551.38M | $545.94M | $201.98M | $443.13M | $392.17M | $353.11M | $183.62M | $242.62M | $201.40M | $173.78M | $139.89M | $126.09M |
| High Forecast | $1.43B | $1.37B | $1.31B | $1.25B | $1.19B | $1.14B | $1.09B | $1.02B | $967.79M | $904.23M | $871.15M | $727.82M | $776.51M | $680.63M | $676.22M | $661.65M | $588.12M | $242.37M | $459.46M | $404.77M | $362.19M | $220.34M | $248.86M | $206.58M | $208.53M | $143.49M | $129.33M |
| Low Forecast | $1.32B | $1.26B | $1.21B | $1.15B | $1.09B | $1.04B | $1.00B | $942.14M | $876.32M | $846.86M | $801.85M | $485.21M | $714.74M | $673.20M | $622.42M | $441.10M | $541.33M | $161.58M | $439.18M | $382.94M | $347.90M | $146.89M | $239.04M | $198.43M | $139.02M | $137.83M | $124.23M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.61% | 0.64% | 0.68% | - | 0.70% | 1.79% | 0.79% | 0.80% | 0.79% | 1.39% | 1.02% | 1.13% | 1.23% | 1.35% | 0.98% |
Snowflake's average Quarter SG&A projection for May 24 is $606.52M, based on 16 Wall Street analysts, with a range of $485.21M to $727.82M. The forecast indicates a 37.28% rise compared to SNOW last annual SG&A of $441.81M (Jan 24).
Snowflake EPS Forecast
| Jan 27 | Oct 26 | Jul 26 | May 26 | Jan 26 | Oct 25 | Jul 25 | May 25 | Jan 25 | Oct 24 | Jul 24 | May 24 | Jan 24 | Oct 23 | Jul 23 | May 23 | Jan 23 | Oct 22 | Jul 22 | Apr 22 | Jan 22 | Oct 21 | Jul 21 | Apr 21 | Jan 21 | Oct 20 | Jul 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 12 | 20 | 11 | 14 | 11 | 10 | 15 | 10 | 22 | 23 | 17 | 16 | 15 | 23 | 22 | 21 | 20 | 10 | 10 | 10 | 10 | 11 | 11 | 11 | 11 | 15 | 14 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | $-0.51 | $-0.65 | $-0.69 | - | $-0.64 | $-0.63 | $-0.70 | $-0.53 | $-0.43 | $-0.51 | $-0.64 | $-0.70 | $-0.70 | $-1.01 | $-0.28 |
| Avg Forecast | $0.38 | $0.35 | $0.32 | $0.28 | $0.27 | $0.24 | $0.22 | $0.20 | $0.12 | $0.15 | $0.16 | $0.18 | $0.18 | $0.16 | $0.10 | $0.08 | $0.04 | $0.05 | $-0.01 | - | $0.03 | $-0.06 | $-0.15 | $-0.15 | $-0.17 | $-0.26 | $-0.24 |
| High Forecast | $0.42 | $0.39 | $0.35 | $0.30 | $0.29 | $0.27 | $0.24 | $0.21 | $0.19 | $0.22 | $0.18 | $0.20 | $0.20 | $0.26 | $0.11 | $0.09 | $0.05 | $0.05 | $-0.01 | - | $0.03 | $-0.06 | $-0.14 | $-0.15 | $-0.17 | $-0.26 | $-0.24 |
| Low Forecast | $0.37 | $0.35 | $0.31 | $0.27 | $0.26 | $0.24 | $0.22 | $0.19 | $0.05 | $0.12 | $0.16 | $0.18 | $0.18 | $0.05 | $0.10 | $0.08 | $0.04 | $0.05 | $-0.01 | - | $0.03 | $-0.06 | $-0.15 | $-0.16 | $-0.17 | $-0.27 | $-0.25 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | -2.80% | -4.09% | -6.64% | - | -14.79% | -13.74% | 58.83% | -401.21% | -15.28% | 8.95% | 4.34% | 4.52% | 4.13% | 3.87% | 1.17% |
According to undefined Wall Street analysts, Snowflake's projected average Quarter EPS for undefined is $NaN, with a low estimate of $NaN and a high estimate of $NaN. This represents a NaN% decrease compared to SNOW previous annual EPS of $NaN (undefined).
Snowflake Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| AI | C3.ai | $23.00 | $70.50 | 206.52% | Buy |
| SNOW | Snowflake | $113.67 | $206.83 | 81.96% | Buy |
| ZM | Zoom Video Communications | $67.59 | $111.77 | 65.36% | Hold |
| SHOP | Shopify | $72.45 | $86.12 | 18.87% | Buy |
| ADSK | Autodesk | $263.96 | $283.41 | 7.37% | Buy |
| WDAY | Workday | $250.05 | $264.91 | 5.94% | Buy |
| INTU | Intuit | $655.31 | $689.00 | 5.14% | Buy |
| TTD | Trade Desk | $106.06 | $107.41 | 1.27% | Buy |
| CRM | Salesforce | $254.57 | $257.76 | 1.25% | Buy |
| NOW | ServiceNow | $878.95 | $728.75 | -17.09% | Buy |
SNOW Forecast FAQ
Is Snowflake a good buy?
Yes, according to 45 Wall Street analysts, Snowflake (SNOW) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 29 'Buy' recommendations, accounting for 64.44% of SNOW's total ratings.
What is SNOW's price target?
Snowflake (SNOW) average price target is $206.83 with a range of $121 to $415, implying a 81.96% from its last price of $113.67. The data is based on 45 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will Snowflake stock go up soon?
According to Wall Street analysts' prediction for SNOW stock, the company can go up by 81.96% (from the last price of $113.67 to the average price target of $206.83), up by 265.09% based on the highest stock price target, and up by 6.45% based on the lowest stock price target.
Can Snowflake stock reach $200?
SNOW's average twelve months analyst stock price target of $206.83 supports the claim that Snowflake can reach $200 in the near future.
What is Snowflake's current price target trend?
9 Wall Street analysts forecast a $162.78 price target for Snowflake (SNOW) this month, up 43.20% from its last price of $113.67. Compared to the last 3 and 12 months, the average price target increased by 46.48% and increased by 76.19%, respectively.
What are Snowflake's analysts' financial forecasts?
Snowflake's analysts financial forecasts for the fiscal year (Jan 2026) are as follows: average revenue is $4.34B (high $4.68B, low $4.31B), average EBITDA is $-2.775B (high $-2.752B, low $-2.99B), average net income is $309.48M (high $340.56M, low $306.08M), average SG&A $4.12B (high $4.43B, low $4.08B), and average EPS is $0.926 (high $1.02, low $0.916). SNOW's analysts financial forecasts for the fiscal year (Jan 2027) are as follows: average revenue is $5.26B (high $5.66B, low $5.21B), average EBITDA is $-3.36B (high $-3.332B, low $-3.62B), average net income is $441.92M (high $486.3M, low $437.07M), average SG&A $4.98B (high $5.37B, low $4.94B), and average EPS is $1.32 (high $1.46, low $1.31).
Did the SNOW's actual financial results beat the analysts' financial forecasts?
Based on Snowflake's last annual report (Jan 2024), the company's revenue was $2.81B, beating the average analysts forecast of $2.75B by 2.07%. Apple's EBITDA was $-922M, missing the average prediction of $-1.608B by -42.65%. The company's net income was $-836M, beating the average estimation of $-113M by 640.27%. Apple's SG&A was $1.71B, missing the average forecast of $2.58B by -33.77%. Lastly, the company's EPS was $-2.55, missing the average prediction of $0.524 by -586.98%. In terms of the last quarterly report (Jan 2024), Snowflake's revenue was $774.7M, beating the average analysts' forecast of $760.43M by 1.88%. The company's EBITDA was $-227M, missing the average prediction of $-486M by -53.34%. Snowflake's net income was $-169M, missing the average estimation of $60.86M by -378.26%. The company's SG&A was $441.81M, missing the average forecast of $720.82M by -38.71%. Lastly, the company's EPS was $-0.51, missing the average prediction of $0.182 by -379.94%