RxSight, Inc. (RXST) shares are soaring 5.07% in intraday trading, defying mixed signals from Wall Street analysts. The stock's surge comes amidst a flurry of analyst actions, highlighting the market's complex reaction to conflicting viewpoints on the company's prospects.

Needham has maintained its Buy rating on RxSight, signaling continued confidence in the company's potential. However, UBS took a more cautious stance, downgrading the stock to Neutral from Buy and significantly reducing its price target from $45 to $16. This dramatic cut in the price target suggests a reassessment of RxSight's growth trajectory or market position by UBS analysts.

Despite the UBS downgrade, investors appear to be focusing on the positive aspect, as evidenced by the stock's strong performance. The average analyst rating for RxSight remains overweight, with a mean price target of $25, according to FactSet data. This overall positive sentiment, combined with the maintained Buy rating from Needham, may be outweighing the UBS downgrade in investors' minds, driving the stock's impressive intraday gain.