Snowflake Surges to 165th in Trading Volume with $770 Million in Shares Exchanged

On May 12, 2025, Snowflake (SNOW) saw a significant increase in trading volume, with a total of $770 million in shares exchanged, marking a 70.73% rise from the previous day. This surge placed Snowflake at the 165th position in terms of trading volume for the day. The stock price of Snowflake rose by 3.68%, extending its winning streak to eight consecutive days, with a cumulative increase of 13.20% over the past eight days.

Analysts have set a range of price targets for Snowflake, with the average target price standing at $204.98. This target is based on the assessments of 41 analysts, with the highest estimate reaching $235. The stock's 12-month median price target is $201, suggesting a potential 20% increase in the next year. Additionally, Snowflake is currently trading near its fair value, as indicated by various analyst surveys.

For the current quarter, Snowflake is projected to report earnings of $0.22 per share, reflecting a 57.1% increase from the same period last year. This positive earnings outlook contributes to the overall bullish sentiment surrounding the stock. Technical analysis also supports a buy signal, with the stock's 8-day simple moving average at 168.44, slightly below the current share price of 174.14.

Snowflake's strong performance and positive analyst sentiment have positioned it as a trending stock in the market. The company's growth prospects and strategic initiatives continue to drive investor interest, making it a notable player in the technology sector.