** Shares of cloud company Snowflake SNOW.N rise 8.5% premarket to $194.17 after co raises FY26 product revenue forecast
** SNOW beats Q1 results estimates, as per data compiled by LSEG
** Co's Q2 product revenue forecast also higher than estimates
** At least 10 brokerages raise PT including JP Morgan and Barclays
** Needham says SNOW provides "material customer value" as a cloud-based data warehouse, and is pursuing meaningful expansion
** Truist says co has a unique technology advantage in data cloud
** 36 out of 47 analysts rate stock as "buy" or higher, 10 "hold" and one "sell"; median PT is $220 - LSEG
** As of last close, SNOW up 16% YTD, compared with Dow Jones US Technology sector index's .DJUSTC decline of 3.1%
(Reporting by Twesha Dikshit)
((Twesha.Dikshit@thomsonreuters.com))
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