DoubleDown Interactive (DDI) stock is soaring 5.88% in pre-market trading on Wednesday, following B. Riley's adjustment of its price target for the company. The financial services firm revised its target to $22 from $23, while maintaining a "Buy" rating on the stock.

DoubleDown Interactive, known for its social casino games, has been attracting investor attention in the growing online gaming market. The slight downward adjustment in the price target by B. Riley, a respected voice in the financial sector, seems to have paradoxically boosted investor confidence. This could be due to the maintained "Buy" rating, which signals continued optimism about the company's prospects despite the minor target revision.

The maintained "Buy" rating from B. Riley suggests that the firm still sees significant upside potential for DoubleDown Interactive. This positive outlook, combined with the adjusted price target, appears to have triggered a wave of buying activity, driving the stock's pre-market surge. Investors will likely be watching closely to see if this momentum carries through the regular trading session and beyond.