$SNOW shares surged following the announcement of Snowflake Intelligence, a new AI-powered intelligence program. Analysts noted the stock is technically positioned for a breakout towards the $135 gap fill area, which was identified as a significant target. Goldman Sachs highlighted Snowflake's strong growth potential, suggesting that as the narrative around its strategic positioning in AI solidifies, the stock could re-rate higher compared to its peers, which include Adobe (ADBE), Datadog (DDOG), ServiceNow (NOW), Atlassian (TEAM), and monday.com (MNDY). Market forecasts indicate positive momentum for $SNOW leading into upcoming earnings, bolstered by substantial call options activity.