Core Viewpoint - Snowflake Inc is set to report its fiscal second-quarter results, with a positive outlook indicated by 85% of data points collected being favorable this quarter compared to 50% in the previous quarter [1] Group 1: Financial Performance - Snowflake is guiding for product revenue growth of 25% for the quarter, which shows a sequential deceleration from 26% [2] - A 2% beat in revenue is required to drive acceleration compared to the previous quarter's 5% beat [2] Group 2: Market Opportunity - The total addressable market (TAM) for Snowflake is projected to more than double to $355 billion by 2029, up from $170 billion in 2024, indicating significant growth potential [4] - The TAM is large enough to accommodate both Snowflake and its competitor Databricks [4] Group 3: Analyst Ratings - Analyst Patrick Walravens has reiterated a Market Outperform rating for Snowflake with a price target of $260 [1]