BofA Raises Snowflake Price Target to $205, Expects Strong Q1 Earnings
Bank of America raised its Snowflake target to $205, kept a Buy rating, and expects strong results.
Bank of America raised its Snowflake target to $205, kept a Buy rating, and expects strong results.
Benchmark initiates Buy coverage on Snowflake, Microsoft, Palo Alto Networks, ServiceNow, and CrowdStrike.
Snowflake reported 30% product revenue growth & strong bookings in Q4 FY2026, yet in-line Q1 guidance sparked 3% after-hours drop amid AI disruption fears in software.
Snowflake eyes $1B Observe acquisition to compete with Datadog and Splunk, but high consumption costs raise questions about viability.
Snowflake reports 29% product revenue growth but Q4 operating margin guidance falls short of analyst estimates, raising AI profitability concerns.
Partnership links their data platforms so businesses can create AI applications faster and easier.