Snowflake (SNOW): New Buy Recommendation for This Technology Giant

RBC Capital analyst Matthew Hedberg maintained a Buy rating on Snowflake yesterday and set a price target of $245.00. The company’s shares closed yesterday at $150.82.

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According to TipRanks, Hedberg is a 3-star analyst with an average return of 1.7% and a 44.78% success rate. Hedberg covers the Technology sector, focusing on stocks such as Snowflake, ServiceNow, and PTC.

Currently, the analyst consensus on Snowflake is a Strong Buy with an average price target of $237.03, which is a 57.16% upside from current levels. In a report released on March 26, Morgan Stanley also maintained a Buy rating on the stock with a $245.00 price target.

Based on Snowflake’s latest earnings release for the quarter ending January 31, the company reported a quarterly revenue of $1.28 billion and a GAAP net loss of $309.55 million. In comparison, last year the company earned a revenue of $986.77 million and had a GAAP net loss of $327.47 million

Based on the recent corporate insider activity of 243 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of SNOW in relation to earlier this year. Most recently, in January 2026, Vivek Raghunathan, the SVP, Engineering and Support of SNOW sold 11,801.00 shares for a total of $2,601,294.43.