Snowflake Inc. ($SNOW) is experiencing notable trading activity and analyst attention ahead of its upcoming earnings report on November 20, 2024. The stock closed at $134.59 on November 14, 2024, with a significant volume of call options being purchased, indicating bullish sentiment among traders. Analysts from Evercore ISI and Piper Sandler have reiterated their positive ratings for the stock, with price targets set at $170 and $165, respectively. Analysts suggest that the upcoming earnings may not alleviate the negative sentiment surrounding the stock, which has been impacted by anticipated top-line performance challenges. Market analysts have indicated that the stock could potentially test levels around $107 or break above $147, which would signal a confirmation of a market bottom.