Aveanna Healthcare Holdings Inc. (AVAH) stock is soaring 5.34% in pre-market trading on Friday, following a positive adjustment to its price target by Truist Securities. The healthcare company's shares are reacting to the updated analyst perspective, signaling increased investor optimism.

Truist Securities has raised its price target for Aveanna Healthcare from $5 to $6.5, reflecting a more bullish outlook on the company's future performance. Despite the improved price target, Truist Financial has maintained its Hold rating on the stock, suggesting a balanced view of the company's prospects.

The healthcare sector, particularly home healthcare services, has been under scrutiny as the industry adapts to post-pandemic challenges and opportunities. Aveanna Healthcare's stock movement indicates that investors are responding positively to the analyst's more optimistic valuation, although the maintained Hold rating suggests that there may still be some caution regarding the company's near-term outlook.