BofA Maintains Buy Rating on Snowflake (SNOW)

Snowflake Inc. (NYSE:SNOW) is one of the 10 AI Stocks with Potential to Rise 1000 Percent.

On April 22, 2026, BofA lowered its price target on Snowflake Inc. (NYSE:SNOW) to $195 from $275 while maintaining a Buy rating. The firm said it is cutting targets across its infrastructure software coverage to reflect meaningful downward revisions to revenue and free cash flow forecasts, updated views on growth potential, and rising execution risks tied to AI and competition.

On April 21, 2026, Snowflake announced a series of updates across Snowflake Intelligence and Cortex Code, pushing forward its effort to position itself as a control layer for the agentic enterprise. The enhancements are designed to help organizations connect more data sources, enterprise systems, and AI models within a unified platform, allowing AI agents to operate more directly on governed enterprise data. Snowflake Intelligence now functions as a personalized work agent that adapts to user behavior to deliver insights and automate tasks, while Cortex Code expands the company’s builder layer, enabling developers to create and deploy AI applications directly within existing enterprise tools and workflows.

Also on April 21, 2026, UBS lowered its price target on Snowflake Inc. (NYSE:SNOW) to $210 from $235 and kept a Buy rating. The firm noted that shares have lagged year to date despite expectations for high-20% to 30% revenue growth through fiscal 2027 and continued demand for enterprise data solutions. UBS said the underperformance appears tied to concerns that advances from Anthropic and OpenAI could disrupt parts of the data software stack and weigh on longer-term growth expectations.

Snowflake Inc. (NYSE:SNOW) provides a cloud-based data platform that enables organizations to centralize data, build applications, and apply AI to business processes.

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