On May 22, 2025, Needham analyst Mike Cikos made a notable update regarding Snowflake (SNOW, Financial). The analyst has opted to maintain the "Buy" rating for Snowflake, indicating a continued positive outlook for the stock. The "Buy" rating held steady from the previous assessment.
Significantly, Needham has adjusted the price target for Snowflake (SNOW, Financial) upward. The new price target is set at $230.00 USD, a significant increase from the prior target of $215.00 USD. This adjustment reflects a 6.98% change in the projected value of the stock, showcasing an optimistic view from the analyst.
Investors and market watchers are keenly observing these updates as they present an important perspective on Snowflake's (SNOW, Financial) market potential and growth trajectory. The current price target and maintained "Buy" rating suggest a favorable scenario for stakeholders in the coming periods.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 41 analysts, the average target price for Snowflake Inc (SNOW, Financial) is $206.88 with a high estimate of $440.00 and a low estimate of $115.00. The average target implies an upside of 15.50% from the current price of $179.12. More detailed estimate data can be found on the Snowflake Inc (SNOW) Forecast page.
Based on the consensus recommendation from 47 brokerage firms, Snowflake Inc's (SNOW, Financial) average brokerage recommendation is currently 2.0, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Snowflake Inc (SNOW, Financial) in one year is $336.24, suggesting a upside of 87.72% from the current price of $179.12. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Snowflake Inc (SNOW) Summary page.
