{"id":135332,"date":"2026-05-21T05:22:37","date_gmt":"2026-05-21T08:22:37","guid":{"rendered":"https:\/\/ubirataonline.com.br\/bank-of-america-tweaks-snowflake-stock-price-target-before-earnings\/"},"modified":"2026-05-21T05:22:40","modified_gmt":"2026-05-21T08:22:40","slug":"bank-of-america-tweaks-snowflake-stock-price-target-before-earnings","status":"publish","type":"post","link":"https:\/\/ubirataonline.com.br\/en\/bank-of-america-tweaks-snowflake-stock-price-target-before-earnings\/","title":{"rendered":"Bank of America tweaks Snowflake stock price target before earnings"},"content":{"rendered":"

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Snowflake has had a rough stretch. The stock is down 21.92% year-to-date and has lost nearly 6% over the past year, according to Yahoo Finance<\/a>. That\u2019s a stark contrast to a broader market that has pushed higher and an AI<\/a> software sector that has minted new winners almost weekly. But Bank of America is not walking away.<\/p>\n

BofA Securities raised its price target on Snowflake (SNOW<\/a>) in a note shared with TheStreet, maintaining a Buy rating ahead of the company’s May 27 earnings<\/a> report. At $171.27, that target implies roughly 20% upside from current levels.<\/p>\n

The bank’s message is pointed: the AI business intelligence opportunity Snowflake is competing for is growing fast enough that the stock’s year-to-date underperformance looks more like an entry point than a warning sign.<\/p>\n

Analyst Koji Ikeda<\/a>, who ranks 857 out of 12,237 Wall Street<\/a> Analysts, noted that BofA does not expect anything from the first-quarter results to change their view that Snowflake is gaining market share<\/a> in the AI business intelligence opportunity. May 27 will be the test.<\/p>\n

BofA Securities raised Snowflake’s price target to $205 from $195 <\/h2>\n

BofA raised its price target from $195 to $205, reflecting a specific valuation framework – not a revision to financial forecasts. The firm raised its enterprise value to a calendar year 2027 estimated revenue multiple of 10.3 times from 9.8 times, citing higher execution confidence, according to the note.<\/p>\n

That distinction matters. BofA is not increasing estimates because results have improved in the near term. It is paying a higher multiple because its confidence in Snowflake’s ability to execute over the next 18 months has increased, specifically around the AI business intelligence opportunity.<\/p>\n

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The firm noted some concern around near-term Middle East demand headwinds but framed them as immaterial. Middle East revenue is estimated at approximately 1% of Snowflake’s total, according to the note. That level of geographic concentration is too small to move the needle on a company targeting $5.66 billion in full-year fiscal 2027 product revenue.<\/p>\n

The broader analyst picture is divided. According to Investing.com<\/a>, JMP Securities and Citizens both carry $325 price targets with Market Outperform ratings. UBS<\/a> and Evercore ISI have pulled back their targets to $210 and $200, respectively, citing competition concerns and core cloud data warehousing deceleration.<\/p>\n<\/p><\/div>\n