PREVIEW: Snowflake edges up; seen reporting higher Q3 rev and EPS after the bell

** Shares of Snowflake SNOW are up 1.6% on Wed, with the data cloud and artificial intelligence co seen reporting higher yr-over-yr rev and EPS in its quarterly results due after the bell

** Analysts expect Q3 rev of $1.18 bln vs $942.09 mln in the yr-ago period, and adj EPS of 31c vs 20c a yr ago, according to LSEG

** The median 12-mo PT on the stock is $275.00; the stock was last at $263.82

** Earlier this week, Rosenblatt Securities raised its target price on SNOW to $310 from $275

** Analyst recommendations on SNOW include 43 "strong buy" or "buy" ratings, seven "hold" ratings and one "sell" rating, per LSEG

** In late October, Snowflake reaffirmed its rev guidance for Q3 and for its fiscal year 2026

** SNOW is up about 70% for the YTD, compared with a roughly 16% gain in the S&P 500 SPX