Shares of CI&T Inc. (CINT) are soaring 5.53% in pre-market trading on Thursday, as the company receives continued support from Wall Street analysts despite a price target reduction from one firm.

Multiple analysts have reiterated their bullish stance on the Technology sector company. TD Cowen analyst Bryan Bergin maintained a Buy rating with an $8 price target, citing CI&T's robust growth and strategic focus on AI. Similarly, J.P. Morgan analyst Puneet Jain kept a Buy rating with a $7 price target, while Luke Morison from Canaccord Genuity also maintained a Buy recommendation, praising the company's strategic positioning and AI initiatives.

However, it's worth noting that Canaccord Genuity has lowered its price target for CI&T from $8 to $6. Despite this reduction, the overall positive sentiment from analysts appears to be driving the stock's significant pre-market gain. Investors seem to be focusing on the maintained Buy ratings and the company's growth prospects, particularly in the AI space, rather than the isolated price target cut.