Snowflake analysts are raising their price targets on the surging stock after Q1 results and AI growth.

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.

May 27 : Snowflake raised annual product revenue forecast on Wednesday, as enterprises ramped up spending on AI applications and shifted more data workloads to its cloud platform,…