Shares of Anywhere Real Estate Inc. (HOUS) are soaring 5% in intraday trading on Tuesday, following a significant upward revision in the company's price target by KBW analysts. This bullish outlook has sparked renewed investor interest in the real estate services provider.

KBW has dramatically raised its target price for Anywhere Real Estate from $4.5 to $11, representing a substantial increase of 144%. This new target suggests considerable upside potential from the stock's current trading levels, which has evidently excited market participants and driven the stock's impressive gains today.

The substantial boost in price target often indicates that analysts perceive improved fundamentals or growth prospects for the company. For Anywhere Real Estate, this could signal expectations of stronger performance in the real estate market, potential market share gains, or improved operational efficiencies. Investors are likely interpreting this upgrade as a vote of confidence in the company's future, leading to increased buying pressure on the stock.