SES AI Corp (NYSE: SES) shares continued their upward trajectory, surging 5.02% in pre-market trading on Friday. This follows a strong performance on Thursday, where the stock gained 7.76%. The rally comes on the heels of the company's impressive third-quarter earnings report and positive analyst actions.

Deutsche Bank raised its target price for SES AI from $1 to $2, while maintaining a Hold rating. This adjustment reflects growing confidence in the company's prospects in the advanced battery technology sector. Adding to the bullish sentiment, Cantor Fitzgerald reaffirmed its Overweight rating on SES AI stock following the earnings release.

The company's Q3 2025 financial results have been a key driver of investor enthusiasm. SES AI reported revenues of $7.12 million, significantly outperforming analyst expectations of $4.83 million. Despite posting a quarterly loss of $20.92 million, or 6 cents per share, the substantial top-line growth has clearly resonated with investors. Looking ahead, SES AI is expected to achieve profitability within three years, with revenue growth forecasted at an impressive 53.1% annually, far outpacing the broader US market.