🟢 SNOW is trading 4.5% up today after BofA target hike and upbeat AI outlook

SNOW is trading 4.5% up at $171.63 following an upbeat AI-driven outlook and a fresh price target increase from BofA Securities.

• BofA Securities raised its price target on SNOW to $205 from $195 and maintained a Buy rating, citing strong demand for AI business intelligence and continued market share gains.
• The stock is benefiting from optimism surrounding Snowflake’s AI Data Cloud growth narrative and anticipation of upcoming Q1 earnings, outperforming broader indices.