BofA Maintains Buy Rating on Snowflake (SNOW)

On April 22, 2026, BofA lowered its terms people connected Snowflake Inc. (NYSE:SNOW) to $195 from $275 portion maintaining a Buy rating. The steadfast said it is cutting targets crossed its infrastructure bundle sum to bespeak meaningful downward revisions to gross and escaped currency travel forecasts, updated views connected maturation potential, and rising execution risks tied to AI and competition.

On April 21, 2026, Snowflake announced a bid of updates crossed Snowflake Intelligence and Cortex Code, pushing guardant its effort to presumption itself arsenic a power furniture for the agentic enterprise. The enhancements are designed to assistance organizations link much information sources, endeavor systems, and AI models wrong a unified platform, allowing AI agents to run much straight connected governed endeavor data. Snowflake Intelligence present functions arsenic a personalized enactment cause that adapts to idiosyncratic behaviour to present insights and automate tasks, portion Cortex Code expands the company’s builder layer, enabling developers to make and deploy AI applications straight wrong existing endeavor tools and workflows.

Also connected April 21, 2026, UBS lowered its terms people connected Snowflake Inc. (NYSE:SNOW) to $210 from $235 and kept a Buy rating. The steadfast noted that shares person lagged twelvemonth to day contempt expectations for high-20% to 30% gross maturation done fiscal 2027 and continued request for endeavor information solutions. UBS said the underperformance appears tied to concerns that advances from Anthropic and OpenAI could disrupt parts of the information bundle stack and measurement connected longer-term maturation expectations.

Snowflake Inc. (NYSE:SNOW) provides a cloud-based information level that enables organizations to centralize data, physique applications, and use AI to concern processes.

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