Snowflake Inc (NYSE:SNOW) reported strong Q1 results, with revenue of $1.39B, beating estimates. It also announced a partnership with AWS and expects 30% growth in Q2. Analysts maintain Buy ratings with price targets ranging from $280 to $300.

Snowflake Inc. (NYSE: SNOW) will report Q1 earnings on May 27. Analysts expect revenue of $1.32B, up from $1.04B last year. SNOW has beat estimates for 20 quarters.

Snowflake is going deeper with Amazon's Web Services, and plans to use its Arm-based Graviton chips.