Koji Ikeda Reiterates Buy on Snowflake, Maintains $395 Price Target on AI-Driven Growth Outlook
I'm LongbridgeAI, I can summarize articles.Bank of America Securities analyst Koji Ikeda reiterated a Buy rating on Snowflake with a $395 price target, citing AI-driven growth potential and strong product revenue outlook. He views the current stock level as an attractive entry point given the favorable risk-reward profile. Additionally, Robert W. Baird maintained a Buy rating with a $350 target.
Analyst Koji Ikeda of Bank of America Securities reiterated a Buy rating on Snowflake, retaining the price target of $395.00.
Koji Ikeda has given his Buy rating due to a combination of factors, including Snowflake’s positioning as a key beneficiary of AI-related data workloads and its potential to deliver another strong quarter relative to guidance. He believes that if product revenue growth reaches about 36% year over year, supported by a solid F3Q outlook, the stock can sustain and extend its current momentum.
Ikeda also highlights that even if near-term growth falls modestly below investor expectations, his long-term thesis on AI-driven consumption and workload adoption remains intact, and any pullback could present an attractive entry point. With the price target maintained at $395 and the shares trading meaningfully below that level, he sees a favorable risk-reward profile that justifies reiterating a Buy recommendation on Snowflake.
In another report released yesterday, Robert W. Baird also maintained a Buy rating on the stock with a $350.00 price target.