On May 26, Snowflake rose 3.03% in regular trading, trading at $175.77/share, with trading volume of $292 million. The stock extended its rebound trajectory heading into the eve of its Q1 earnings release scheduled for May 27 after market close.

On the news front, market consensus expects Snowflake to report total revenue of approximately $1.323 billion, representing year-over-year growth of 31.33%, with adjusted earnings per share of $0.32, up 49.10% year-over-year. Multiple institutions have recently raised their target prices, with Bank of America lifting its target to $205 and Benchmark to $200. The average target price among 48 analysts stands at $225.61, well above the current trading level.

Additionally, the stock had pulled back approximately 6.5% over two sessions on May 20-21 following a nearly 5% surge on May 19, partly pressured by insider selling as Director Frank Slootman sold 144,650 shares at prices between $175.38 and $176.30. The current rebound suggests the market is positioning ahead of earnings with renewed optimism despite lingering valuation concerns, as Snowflake trades at a forward P/E of approximately 78x versus a software industry average below 20x.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)