BofA Securities Upgrades Snowflake Inc (SNOW) to a Buy from a Neutral

Snowflake Inc’s recent filing unveils that its President of Products Dageville Benoit unloaded Company’s shares for reported $3.62 million on Aug 21 ’25. In the deal valued at $192.81 per share,18,750 shares were sold. As a result of this transaction, Dageville Benoit now holds 58,325 shares worth roughly $11.48 million.

Then, Dageville Benoit bought 18,750 shares, generating $3,615,188 in total proceeds.

Before that, Dageville Benoit sold 25,000 shares. Snowflake Inc shares valued at $5,375,000 were divested by the President of Products at a price of $215.00 per share. As a result of the transaction, Dageville Benoit now holds 58,325 shares, worth roughly $11.48 million.

BofA Securities upgraded its Snowflake Inc [SNOW] rating to a Buy from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including Stephens’s analysts, who began to cover the stock in mid July with a ‘”an Overweight”‘ rating. UBS revised its rating on June 04, 2025. It rated SNOW as “a Buy” which previously was an “a Neutral”.

Price Performance Review of SNOW

On Friday, Snowflake Inc [NYSE:SNOW] saw its stock jump 1.09% to $196.81. Over the last five days, the stock has lost -1.14%. Snowflake Inc shares have risen nearly 49.19% since the year began. Nevertheless, the stocks have risen 27.46% over the past one year. While a 52-week high of $229.27 was reached on 07/31/25, a 52-week low of $107.13 was recorded on 04/07/25.

Levels Of Support And Resistance For SNOW Stock

The 24-hour chart illustrates a support level at 193.82, which if violated will result in even more drops to 190.82. On the upside, there is a resistance level at 199.86. A further resistance level may holdings at 202.90.

How much short interest is there in Snowflake Inc?

A steep rise in short interest was recorded in Snowflake Inc stocks on 2025-07-31, dropping by -0.61 million shares to a total of 11.15 million shares. Yahoo Finance data shows the prior-month short interest on 2025-06-30 was 11.77 million shares. There was a decline of -5.48%, which implies that there is a negative sentiment for the stock.

The most recent change occurred on May 22, 2025 when Monness Crespi & Hardt resumed its ‘”a Buy”‘ rating for the stock and retained the price target to $245.

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