Macquarie maintained a Neutral SNOW analyst rating on Snowflake Inc. (SNOW) and lowered its price target to $177 on February 26, 2026. The firm left the underlying recommendation unchanged while trimming forward expectations, a move that signals caution on growth or valuation near term. Investors should note the firm’s formal action and the new price target when weighing position size or entry points. This update arrives against a market cap of $57,588,838,000 and follows ongoing scrutiny of Snowflake’s revenue cadence and margin progress.

Macquarie action and SNOW analyst rating

On February 26, 2026, Macquarie maintained its Neutral rating on Snowflake Inc. (SNOW) while lowering the price target to $177. The research note was summarized by StreetInsider and shows the firm reduced its forward valuation assumptions without changing the headline recommendation source.

What a PT cut to $177 means for investors

A lower price target usually signals the analyst expects reduced upside versus prior forecasts. That can pressure short-term sentiment, especially if the market had priced in faster revenue or margin gains. Investors should treat the changed target as updated expectations, not a directional guarantee, and compare Macquarie’s view to other analysts and Snowflake’s guidance.

Historical analyst coverage and trends for Snowflake

Since its 2020 IPO, Snowflake has drawn broad analyst coverage with mixed ratings across firms. Coverage has shifted between Buy/outperform and Neutral as analysts balance rapid revenue growth against high valuation multiples. The current Macquarie action fits a pattern where firms trim price targets during periods of slowing headline growth or when macro risks rise.

How the SNOW analyst rating connects to stock performance

Analyst target moves often move investor expectations and can accelerate share price reactions when many funds reference those targets. MarketWatch shows recent analyst target commentary alongside intraday quotes, highlighting that target changes are one of several drivers for price moves source. Traders often react faster than long-term holders, so short-term volatility can rise after a PT cut.

Investor checklist after the rating maintenance

Review next earnings and management guidance to see if the fundamentals match Macquarie’s revised assumptions. Rebalance position size if your portfolio depends on outperformance, and monitor customer growth, ARR, and gross margin trends. Use stop-loss or layered entry strategies where appropriate and compare Macquarie’s new target against other analysts.

Meyka Grade and consensus context

Meyka AI rates SNOW with a grade of B+. This grade factors in S&P 500 benchmark comparison, sector performance, financial growth, key metrics, and analyst consensus. Meyka’s B+ indicates solid fundamentals with some valuation or execution risks and complements analyst notes like Macquarie’s. For ongoing coverage, check our SNOW research page for real-time updates and model outputs Meyka SNOW page.

Final Thoughts

Macquarie’s decision on February 26, 2026 to maintain a Neutral SNOW analyst rating while cutting the price target to $177 gives investors a clearer view of the firm’s updated outlook. The move narrows upside expectations and may increase short-term volatility, but it does not signal an outright sell call. Investors should weigh the new target with Snowflake’s next earnings, revenue trajectory, and subscription metrics. We recommend comparing Macquarie’s view with other analysts, tracking guidance changes, and aligning position sizing to your risk tolerance. Remember, Meyka AI’s B+ grade for SNOW reflects comparative performance and growth metrics, not a guaranteed outcome, and we are not providing financial advice.

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Disclaimer:

Stock markets involve risks. This content is for informational purposes only. Analyst ratings are opinions and not guarantees of future performance. Past performance does not guarantee future results. Meyka AI PTY LTD provides market analysis and data insights, not financial advice. Always conduct your own research and consider consulting a licensed financial advisor.