According to a report on Monday, Capital One Financial lowered Snowflake Inc.'s (SNOW, Financial) Q2 2026 earnings per share (EPS) projection. A note by analyst C. Murphy now forecasts the company's EPS will be ($0.57) for the quarter, down from the previous estimate of ($0.54). Looking at Snowflake's consensus EPS estimate for the full year 2026 ($2.36), it will not be a bad bet. Capital One also revised its EPS forecasts for the Q3 2026 and Q4 2026 to ($0.54) and ($0.52), respectively.
Other analysts, too, have recently updated their outlook on Snowflake. On Sept. 24, UBS Group cut its target price on the company to $125.00 from $155.00, keeping its rating at 'neutral' in a note. By contrast, DA Davidson reaffirmed a "buy" rating with a $175.00 price target on it on October 3.
On Dec. 16, Jefferies Financial Group raised its target price to $200.00 on Snowflake with a 'buy' rating. On January 13, Oppenheimer also upped its price target to $200.00 and said it maintained an 'outperform' rating.
The revisions come amid varying analyst opinions, reflecting cautious optimism in Snowflake's growth trajectory and future financial performance.
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