Snowflake Trading Volume Drops 21% But Stock Ranks 64th in Volume as Analysts Boost Price Targets

On June 5, 2025, Snowflake (SNOW) saw a trading volume of $1.104 billion, marking a 21.17% decrease from the previous day. The stock ranked 64th in terms of trading volume for the day. SNOW rose 0.24%, marking its second consecutive day of gains, with a total increase of 0.45% over the past two days.

Loop Capital has increased its price target for Snowflake from $220 to $245, maintaining a "buy" rating. This adjustment reflects a significant increase in the target price, indicating heightened confidence in Snowflake's growth prospects.

Mizuho has also raised its price target for Snowflake from $215 to $235, further bolstering the positive sentiment surrounding the company. Additionally, RBC has boosted its target from $236 to $250, and Evercore ISI has increased its target from $232 to $240.

UBS analysts have upgraded Snowflake stock to a "buy" rating and raised their price target to $265 per share. This series of positive adjustments from various analysts underscores the growing optimism about Snowflake's future performance and market potential.