Snowflake (SNOW) shares surged 5.15% during Tuesday's intraday trading session, reflecting heightened investor optimism ahead of its upcoming Q3 earnings report.
The rally follows a series of analyst price target upgrades, including Rosenblatt raising its target to $275, citing expectations of 27% Q3 product revenue growth driven by AI-related demand. Firms like Citi, Jefferies, and BofA have also lifted targets in recent weeks, underscoring confidence in Snowflake's positioning within the AI data infrastructure boom.