Shares of Certara, Inc. (CERT) are soaring 5.43% in Thursday's intraday trading session, following BMO Capital's initiation of coverage on the stock. The sudden surge in investor interest appears to be driven by this new analyst attention and the overall positive sentiment surrounding the company.

BMO Capital has initiated coverage on Certara with a Market Perform rating and a price target of $9. This new coverage has likely sparked interest among investors, particularly as the assigned price target may suggest potential upside from the stock's previous closing price. The Market Perform rating, while not overwhelmingly bullish, indicates that BMO Capital believes Certara's stock is likely to perform in line with the broader market.

Adding to the positive momentum, the broader analyst consensus for Certara remains optimistic. According to data from FactSet, the average rating for CERT is overweight, with a mean price target of $13.50. This higher average price target compared to BMO's estimate suggests that other analysts see even greater potential in Certara's stock, which may be contributing to today's significant price movement.