capital · May 21, 2026
Bank of America raises Snowflake price target to $205 from $195 ahead of earnings
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Bank of America raised its price target on Snowflake Inc. to $205 from $195 while maintaining a Buy rating on May 20, 2026. The adjustment reflects higher execution confidence in the AI business intelligence opportunity and raises the calendar year 2027 enterprise value to revenue multiple to 10.3 times from 9.8 times without changing financial forecasts. Snowflake stock traded down 21.92 percent year-to-date and down nearly 6 percent over the past year. Other analysts including JMP Securities and Citizens set targets at $325 with Market Outperform while UBS set $210 and Evercore ISI set $200 citing competition and core cloud data warehousing deceleration. Snowflake reports earnings on May 27 targeting $5.66 billion full year fiscal 2027 product revenue.