Snowflake set to beat Q1 revenue estimates as AI data demand boosts growth prospects

Snowflake Inc is expected to surpass first-quarter fiscal 2027 revenue estimates, driven by growing enterprise investment in AI data infrastructure. Wedbush Securities highlights Snowflake's central role in managing proprietary data for AI, with a strong backlog of $9.77 billion and over 13,000 customers. The company benefits from its model-agnostic platform, allowing seamless integration with various AI models, positioning it as a key player in the expanding AI and cloud migration market. This outlook supports Wedbush's Outperform rating and $270 price target ahead of Snowflake's earnings report.