BofA Securities raised its Snowflake price target to $205 from $195. The firm maintained its Buy rating ahead of the company's first-quarter earnings report. Analysts expect strong results driven by robust demand and market share gains in the AI business intelligence sector.
Snowflake also announced a collaboration with industrial software leader AVEVA to unify enterprise data. The partnership establishes a direct, zero-copy integration between AVEVA’s industrial platform and Snowflake’s AI Data Cloud. This integration allows customers to analyze IT and OT systems without complex data pipelines to accelerate industrial AI adoption.