Maximus (MMS) stock is soaring in intraday trading, jumping 5.02% following a significant target price upgrade from Raymond James. The move comes as investors react positively to the increased confidence in the company's future performance.

Raymond James, a well-respected financial services firm, has raised its target price for Maximus from $90 to $95. This represents a notable 5.56% increase in the expected value of the stock. Such upgrades from major analysts often signal improved prospects for a company and can drive investor enthusiasm.

The target price increase suggests that Raymond James sees potential for further growth in Maximus's business. While specific reasons for the upgrade were not provided in the available news, such revisions typically stem from positive assessments of a company's financial health, market position, or growth prospects. Investors appear to be interpreting this as a bullish signal, contributing to the significant uptick in Maximus's stock price during the trading session.