--- title: "Snowflake Stock (SNOW) Surges after Top BofA Analyst Boosts Confidence ahead of Q1 Earnings" type: "News" locale: "en" url: "https://longbridge.com/en/news/286943169.md" description: "Snowflake (SNOW) stock surged 6% after BofA analyst Koji Ikeda expressed confidence in the company's momentum ahead of its Q1 earnings report on May 27, 2026. Ikeda raised his price target and maintained a Buy rating, citing strong demand trends and an expected revenue increase of 27% year-over-year to $1.32 billion. Analysts anticipate earnings of $0.32 per share, up from $0.24 a year ago." datetime: "2026-05-19T15:59:01.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/286943169.md) - [en](https://longbridge.com/en/news/286943169.md) - [zh-HK](https://longbridge.com/zh-HK/news/286943169.md) --- # Snowflake Stock (SNOW) Surges after Top BofA Analyst Boosts Confidence ahead of Q1 Earnings Snowflake (SNOW) stock rose 6% on Tuesday after BofA Securities analyst Koji Ikeda showed confidence in the company's momentum ahead of its fiscal Q1 earnings report on May 27, 2026. The Top analyst raised his price target and kept a Buy rating on Snowflake's long‑term AI growth story. ### Claim 55% Off TipRanks - Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions - Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks Currently, Wall Street analysts expect earnings of $0.32 per share for the quarter, compared with $0.24 in the year-ago quarter. Meanwhile, SNOW's Q1 revenue is expected to rise 27% year-over-year to $1.32 billion. ## **BofA Sees Strong Demand Carrying into the Quarter** Ikeda said he expects Snowflake to post strong fiscal first-quarter results, pointing to solid demand trends that have continued into this year. He downplayed concerns about softer spending in the Middle East, noting the region makes up only about 1% of Snowflake's revenue. He said the company is still gaining share in the fast-growing, AI-driven business intelligence market. Ikeda raised his valuation multiple, citing "higher execution confidence," and said nothing in the upcoming quarter is likely to change his positive view. It is worth noting that Ikeda ranks 857 out of more than 12,237 analysts tracked by TipRanks. He has an overall success rate of 55%, with an average return per rating of 10.2% over a one-year timeframe. ### Related Stocks - [SNOW.US](https://longbridge.com/en/quote/SNOW.US.md) - [SNOU.US](https://longbridge.com/en/quote/SNOU.US.md) - [SNOY.US](https://longbridge.com/en/quote/SNOY.US.md) - [CLOU.US](https://longbridge.com/en/quote/CLOU.US.md) - [BAC.US](https://longbridge.com/en/quote/BAC.US.md) - [BAC-Q.US](https://longbridge.com/en/quote/BAC-Q.US.md) - [BML-L.US](https://longbridge.com/en/quote/BML-L.US.md) - [BAC-L.US](https://longbridge.com/en/quote/BAC-L.US.md) - [BAC-K.US](https://longbridge.com/en/quote/BAC-K.US.md) - [BML-H.US](https://longbridge.com/en/quote/BML-H.US.md) - [BAC-N.US](https://longbridge.com/en/quote/BAC-N.US.md) - [BAC-E.US](https://longbridge.com/en/quote/BAC-E.US.md) - [MER-K.US](https://longbridge.com/en/quote/MER-K.US.md) - [BAC-O.US](https://longbridge.com/en/quote/BAC-O.US.md) - [BML-G.US](https://longbridge.com/en/quote/BML-G.US.md) - [BAC-M.US](https://longbridge.com/en/quote/BAC-M.US.md) - [BAC-B.US](https://longbridge.com/en/quote/BAC-B.US.md) - [BML-J.US](https://longbridge.com/en/quote/BML-J.US.md) - [BAC-S.US](https://longbridge.com/en/quote/BAC-S.US.md) - [BAC-P.US](https://longbridge.com/en/quote/BAC-P.US.md) - [8648.JP](https://longbridge.com/en/quote/8648.JP.md) ## Related News & Research - [Wall Street Is Starting To Warm Up To Snowflake Again](https://longbridge.com/en/news/286284956.md) - [Did New AI Partner Integrations Just Shift Snowflake's (SNOW) Enterprise Data Ecosystem Narrative?](https://longbridge.com/en/news/286629238.md) - [11:45 ETDataRadar™ Expands Platform with Native Data Quality and Cost Optimization App on Snowflake Marketplace](https://longbridge.com/en/news/286941028.md) - [Snowflake shares rise after BofA raises price target, predicts strong earnings next week](https://longbridge.com/en/news/286929841.md) - [ZAWYA: Annalect, Omnicom Media’s data and analytics division leverages Snowflake to advance martech, AI and measurement capabilities across MENA](https://longbridge.com/en/news/286389789.md)