Shares of Liberty Oilfield Services Inc. (LBRT) are soaring 5.08% in pre-market trading on Tuesday, following a series of positive analyst actions. The oilfield services company is seeing increased optimism from Wall Street, with multiple firms raising their price targets and one major upgrade.

Leading the bullish sentiment, Citigroup has upgraded Liberty Energy to a Buy rating from its previous Neutral stance. The bank has significantly raised its price target to $21 from $12, representing a substantial increase in its valuation of the company. This upgrade suggests Citigroup sees considerable upside potential in Liberty's stock.

Other major financial institutions have also expressed growing confidence in Liberty Oilfield Services. Goldman Sachs raised its price target to $18 from $11, while maintaining a Neutral rating. Barclays, while keeping an Equal Weight rating, increased its price target to $14 from $12. These price target hikes indicate that analysts are becoming more optimistic about Liberty's future prospects, likely driven by improved visibility in the oilfield services sector and the company's operational performance.