---
title: "Snowflake shares rise after BofA raises price target, predicts strong earnings next week"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/286929841.md"
description: "Snowflake shares rose after Bank of America raised its price target to $205 from $195, maintaining a 'buy' rating. Analysts expect strong earnings due to ongoing robust demand. Despite being down 20% year-to-date, the stock is seen as a gainer in the growing AI business intelligence sector."
datetime: "2026-05-19T14:20:57.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/286929841.md)
  - [en](https://longbridge.com/en/news/286929841.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/286929841.md)
---

# Snowflake shares rise after BofA raises price target, predicts strong earnings next week

Snowflake shares jumped after Bank of America Securities analysts raised their price target for the cloud data warehousing company to $205 from $195, with a “buy” rating.

BofA analysts wrote that Snowflake will have a strong quarter because “the robust demand it was seeing heading into this year should continue unabated.” The report called the stock a “a share gainer in the attractive and growing AI business intelligence opportunity.”

Snowflake shares are down about 20% year to date. In November, shares hit a 52-week high of $280.67.

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