Pre-earnings options volume in Snowflake is 1.2x normal with calls leading puts 6:5. Implied volatility suggests the market is anticipating a move near 9.9%, or $22.88, after results are released. Median move over the past eight quarters is 10.1%.
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- Snowflake price target raised to $260 from $215 at Loop Capital
- Snowflake price target raised to $260 from $220 at DA Davidson
- Snowflake price target raised to $265 from $230 at Jefferies
- Snowflake upgraded to Buy from Neutral at Cleveland Research
- Snowflake price target raised to $225 from $185 at UBS
