Shares of Maximus (MMS) are soaring in intraday trading, climbing 5.02% following an upbeat analyst report. The surge comes after Raymond James raised its target price for the company's stock from $90 to $95, signaling increased confidence in Maximus's future performance.

The revised target price represents a significant vote of confidence from Raymond James analysts, who appear to see greater potential in Maximus's business model and growth prospects. This upgrade has evidently resonated with investors, driving the stock's impressive gains during the trading session.

While specific reasons for the target price increase were not immediately available, such adjustments are typically based on improved financial outlooks, strong business performance, or positive industry trends. Investors are advised to keep an eye on any forthcoming detailed analysis from Raymond James to better understand the factors behind this bullish stance on Maximus.