Ingram Micro Holding Corp. (INGM) shares are soaring 6.53% in pre-market trading on Friday, following the release of strong third-quarter financial results and a series of analyst upgrades. The technology services company reported better-than-expected earnings and revenue for Q3 2025, prompting several major financial institutions to raise their price targets.

Ingram Micro's fiscal Q3 non-GAAP earnings came in at $0.72 per diluted share, matching the year-ago period and surpassing analysts' expectations of $0.67. The company's net sales for the quarter reached $12.60 billion, up from $11.76 billion a year earlier and exceeding the consensus estimate of $12.20 billion. The robust performance has led to an optimistic Q4 outlook, with the company forecasting non-GAAP diluted EPS between $0.85 and $0.95 and net sales ranging from $14 billion to $14.35 billion.

In response to the strong results, several analysts have raised their price targets for Ingram Micro. Jefferies increased its target price to $29 from $25, while Morgan Stanley lifted its target to $23 from $21. RBC Capital also maintained a Buy rating on the stock with a price target of $25. The average analyst rating for Ingram Micro remains overweight, with a mean price target of $24.83, indicating continued confidence in the company's growth prospects.