Snowflake (SNOW) Price Target Raised to $370 Ahead of Earnings

Snowflake (NYSE: SNOW) is set to report earnings on September 2, with TD Cowen raising its price target to $370 from $300. The company's revenue for Q1 fiscal 2027 was $1.39 billion, reflecting a 33% year-over-year growth, while product revenue also grew 34% to $1.33 billion. Remaining performance obligations totaled $9.21 billion, marking a 38% year-over-year increase. Despite these positive indicators, SNOW has already climbed 48% year-to-date, leaving uncertainty about future price movement following the earnings report.