FY2026 Earnings Estimate for Snowflake Issued By Scotiabank

Snowflake Inc. (NYSE:SNOW) – Research analysts at Scotiabank issued their FY2026 earnings per share (EPS) estimates for shares of Snowflake in a report released on Wednesday, January 8th. Scotiabank analyst P. Colville forecasts that the company will earn ($2.33) per share for the year. Scotiabank currently has a “Sector Outperform” rating and a $220.00 target price on the stock. The consensus estimate for Snowflake’s current full-year earnings is ($2.36) per share.

A number of other brokerages have also recently issued reports on SNOW. Argus initiated coverage on shares of Snowflake in a research note on Tuesday, October 1st. They issued a “hold” rating for the company. Royal Bank of Canada upped their price objective on shares of Snowflake from $175.00 to $188.00 and gave the company an “outperform” rating in a research note on Thursday, November 21st. TD Cowen raised their price target on Snowflake from $180.00 to $190.00 and gave the stock a “buy” rating in a research report on Thursday, November 21st. Bank of America raised their price target on Snowflake from $160.00 to $185.00 and gave the stock a “neutral” rating in a research report on Thursday, November 21st. Finally, JMP Securities restated a “market outperform” rating and set a $190.00 price target on shares of Snowflake in a research report on Tuesday, December 3rd. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twenty-seven have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $187.11.

Snowflake Trading Up 1.5 %

SNOW stock opened at $161.16 on Thursday. The company has a market capitalization of $53.20 billion, a PE ratio of -47.54 and a beta of 1.05. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.88 and a current ratio of 1.88. Snowflake has a one year low of $107.13 and a one year high of $237.72. The company’s 50 day moving average price is $154.55 and its two-hundred day moving average price is $133.42.

Insider Buying and Selling at Snowflake

In other Snowflake news, CAO Emily Ho sold 2,021 shares of Snowflake stock in a transaction on Monday, November 25th. The stock was sold at an average price of $173.68, for a total value of $351,007.28. Following the completion of the sale, the chief accounting officer now owns 26,874 shares of the company’s stock, valued at approximately $4,667,476.32. This trade represents a 6.99 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CRO Christopher William Degnan sold 12,782 shares of Snowflake stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $157.24, for a total value of $2,009,841.68. Following the completion of the sale, the executive now directly owns 311,999 shares of the company’s stock, valued at approximately $49,058,722.76. The trade was a 3.94 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 376,904 shares of company stock worth $62,545,855. 7.80% of the stock is owned by insiders.

Institutional Trading of Snowflake

Several large investors have recently modified their holdings of the company. State Street Corp grew its holdings in shares of Snowflake by 0.8% in the third quarter. State Street Corp now owns 6,867,097 shares of the company’s stock worth $788,755,000 after acquiring an additional 54,909 shares during the period. Geode Capital Management LLC grew its holdings in Snowflake by 3.5% during the third quarter. Geode Capital Management LLC now owns 4,152,146 shares of the company’s stock valued at $475,894,000 after purchasing an additional 138,663 shares during the period. Two Sigma Advisers LP grew its holdings in Snowflake by 27.9% during the third quarter. Two Sigma Advisers LP now owns 4,043,200 shares of the company’s stock valued at $464,402,000 after purchasing an additional 881,700 shares during the period. Ontario Teachers Pension Plan Board grew its holdings in Snowflake by 19,399.2% during the third quarter. Ontario Teachers Pension Plan Board now owns 2,572,336 shares of the company’s stock valued at $295,459,000 after purchasing an additional 2,559,144 shares during the period. Finally, Legal & General Group Plc grew its holdings in Snowflake by 11.5% during the second quarter. Legal & General Group Plc now owns 2,175,131 shares of the company’s stock valued at $293,838,000 after purchasing an additional 223,936 shares during the period. Institutional investors own 65.10% of the company’s stock.

About Snowflake

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.