Bank of America lowered the price target on Snowflake Inc. (NYSE: SNOW) to $275 from $310 but maintained a Buy rating, citing revised growth assumptions and peer multiple compression. Board member Jeremy Burton resigned following the acquisition of Observe, Inc., with Snowflake emphasizing the transaction’s approval by independent directors. Snowflake, a cloud-based data platform company, remains tied to enterprise spending on cloud migration and AI. While SNOW shows investment potential, other AI stocks may offer greater upside. For more on undervalued AI stocks, check out our free report. No promotional content.

Read more at Yahoo Finance: BofA Maintains Bullish View on Snowflake Inc. (SNOW) Despite Valuation Reset