BofA Securities added Snowflake Inc. (SNOW) to its top 10 U.S. stock ideas for the third quarter on July 1, 2026. The bank expects rising enterprise spending on artificial intelligence to drive revenue growth. Increased adoption of Snowflake's AI products and data cloud platform underpins this conviction.
Snowflake joins Ford, JPMorgan Chase, and Visa on BofA’s list of highest-conviction picks. The firm selected these stocks for near-term catalysts that may lead to outperformance in an improving U.S. economy.
Most analysts maintain a Buy rating on Snowflake. The average price target indicates significant potential upside for the stock.