Snowflake Inc (NYSE:SNOW) shares are trading higher on Monday as traders lean into overall market strength and recent bullish analyst commentary around the company’s AI-driven workload opportunity.

Snowflake stock is at critical resistance.

What's driving SNOW to record levels?

What's Driving Snowflake's Stock Surge?

BTIG analyst Gray Powell maintained Snowflake with a Buy on Monday and raised the price target from $325 to $340.