Snowflake Rises 1.09 Ranking 167th in Trading Volume as Analysts Back AI-Driven Growth and Mixed Institutional Ownership

On August 22, 2025, Snowflake (SNOW) rose 1.09% with a trading volume of $610 million, ranking 167th in market activity. Analyst optimism has intensified ahead of its August 27 earnings report, driven by bullish revisions from major banks. Citi upgraded its price target, citing strong adoption of AI tools like Cortex and Horizon, which are accelerating growth momentum despite macroeconomic uncertainty. The firm highlighted partnerships, including OpenAI, as catalysts for pipeline expansion and revenue acceleration into late 2026.

Bank of America also raised its rating to "buy" with a $240 target, reflecting a 24.65% potential upside. Analysts emphasized Snowflake’s stable consumption in financial services and multiproduct adoption as key differentiators. However, insider selling activity over the past quarter has raised caution, with executives including CFO Michael Scarpelli offloading significant stakes. Institutional ownership trends show mixed signals, with some funds increasing positions while others reduced holdings.

Backtesting a strategy of buying the top 500 stocks by daily trading volume and holding for one day from 2022 to present yielded a 255% cumulative return, with $2,550 in total profit. The approach experienced a maximum drawdown of -22.3%, underscoring the volatile yet ultimately profitable nature of high-volume trading strategies in this period.