BofA's Ikeda reiterates SNOW buy, Feinseth raises MDB target to $515, KeyBanc's Thomas maintains WMT buy
Bank of America analyst Koji Ikeda reiterated a buy rating on Snowflake with a $300 price target, Tigress Financial analyst Ivan Feinseth raised MongoDB's target to $515 from $430, and KeyBanc analyst Bradley Thomas maintained a buy rating on Walmart with a $145 target, citing AI-driven growth, cloud infrastructure momentum, and automation-fueled margin expansion.
Bank of America analyst Koji Ikeda reiterated a buy rating on Snowflake with a $300 price target, Tigress Financial analyst Ivan Feinseth raised MongoDB's target to $515 from $430, and KeyBanc analyst Bradley Thomas maintained a buy rating on Walmart with a $145 target.
Ikeda cited Snowflake's AI offerings, including Cortex Code and Cortex AI and Intelligence, which drove 34% year-over-year growth in first-quarter fiscal 2027 product revenue, up from 30% in the prior quarter. The analyst noted Snowflake raised its full-year fiscal 2027 product revenue growth outlook by four percentage points to 31%, and product revenue constitutes 96% of overall revenue. Snowflake also secured a $6 billion infrastructure commitment from Amazon Web Services. Ikeda said the company's goal to achieve GAAP profitability by fourth-quarter fiscal 2028 suggests potential upside to consensus estimates, which remain negative. His ratings have been profitable 56% of the time, delivering an average return of 11.5%.
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