Karman Holdings (KRMN) stock surged 5.19% in intraday trading on Wednesday, building on the momentum from its pre-market performance. The significant uptick comes on the heels of the company's better-than-expected first-quarter earnings report and a series of analyst upgrades.

The positive sentiment began in pre-market trading, where Karman shares initially jumped 7.07%. This early enthusiasm was fueled by the company's strong Q1 financial results, which exceeded Wall Street expectations. The impressive earnings report caught the attention of several analysts, prompting upgrades and increased price targets.

Among the bullish voices, RBC Capital raised its price target for Karman to $44 from $38, while maintaining an Outperform rating. Baird analyst Peter Arment showed even greater optimism, increasing the firm's price target to $50 from $40 and reiterating an Outperform rating on the shares. These upgrades reflect growing confidence in Karman's business model and future growth potential.

As the trading session progressed, the stock continued to attract investor interest, resulting in the 5.19% gain. The combination of strong financial performance and positive analyst sentiment has created a bullish atmosphere around Karman Holdings, suggesting that market participants are increasingly optimistic about the company's prospects in the near term.