Snowflake's stock price surged 5.03% during intraday trading on Friday, significantly outperforming the broader market.

The sharp rise was driven by positive analyst sentiment and optimistic expectations ahead of the company's upcoming first-quarter earnings report. Oppenheimer analysts issued a bullish report indicating Snowflake is poised to deliver a solid Q1, citing stable consumption growth across regions and verticals. Additionally, RBC Capital maintained its Outperform rating on the stock, reinforcing positive market sentiment despite a target price adjustment.

The movement also occurred as part of a broader rally in software stocks during the trading session, with several peers in the sector posting gains.