Snowflake’s Volume Plummets to 184th Despite Deutsche Bank 'Buy' Rating and Earnings Optimism

On August 14, 2025, Snowflake (SNOW) closed at $194.90, down 1.00% from the previous day’s close. The stock recorded a trading volume of $0.54 billion, a 37.39% decline from the prior day, ranking it 184th in volume among listed equities. This marks a continuation of mixed momentum in the cloud data analytics sector.

Deutsche Bank maintained its “Buy” rating for Snowflake ahead of its Q2 earnings release, citing expectations of strong product revenue growth. Analysts project a 3%-4% revenue beat for the quarter, with year-over-year acceleration in key metrics. The firm’s optimism aligns with broader market sentiment, as Wall Street maintains a consensus “Buy” rating. The average price target stands at $235, implying a 21.7% upside, while the highest target of $440 suggests a potential 127.9% gain. However, the stock’s recent volatility underscores cautious positioning ahead of earnings.

A strategy of purchasing the top 500 high-volume stocks and holding for one day from 2022 to 2025 yielded a total return of 31.52% over 365 days, with a 0.98% average daily return. The approach generated a peak 7.02% gain in June 2023 but faced a 4.20% loss in September 2022. While short-term momentum was captured, the strategy highlights the inherent risks of market fluctuations in high-volume trading environments.