Shares of Geo Group Inc (GEO) surged 8.95% in after-hours trading on Monday, following a bullish analyst report earlier in the day. The stock's significant jump comes as investors react to the reaffirmed positive outlook from a Wall Street analyst.

Noble Financial analyst Joe Gomes maintained a Buy rating on Geo Group and set an ambitious price target of $35.00. This target suggests substantial upside potential from the stock's previous closing price. Gomes, who is rated as a 3-star analyst by TipRanks, expressed confidence in the company's prospects, although specific reasons for the optimistic view were not detailed in the available information.

The after-hours rally marks a stark reversal from the stock's performance during regular trading hours, where it had actually declined by 0.99% to $14.98. This dramatic shift in investor sentiment highlights the impact of analyst recommendations on stock prices, particularly in the case of smaller, specialized companies like Geo Group, which operates in the private corrections and detention facility sector. As the market digests this information, investors will be watching closely to see if the stock can maintain its momentum in the coming trading sessions.