capital · May 20, 2026
Bank of America Raises Snowflake Price Target to $205 Ahead of May 27 Earnings
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Bank of America raised its Snowflake price target to $205 from $195 with a Buy rating on May 19 2026. The upgrade reflects confidence in Snowflake's Q1 results scheduled for May 27. Snowflake product revenue is expected to beat guidance by about 2.4% implying over 30% year-over-year growth. CoCo adoption across 50% of the base drives 11% higher consumption as a key FY27 growth factor.
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