Shares of Taboola Com Ltd (TBLA) are soaring 5.05% in pre-market trading on Thursday, following a significant analyst upgrade. The stock's upward movement comes as investors react positively to the latest Wall Street assessment of the company's prospects.

B. Riley has upgraded Taboola.com from Neutral to Buy, signaling increased confidence in the company's future performance. The firm has also set a price target of $4 for TBLA stock, suggesting potential upside from its current trading levels. This upgrade is likely the primary catalyst for the stock's pre-market rally.

The positive analyst action adds to the overall bullish sentiment surrounding Taboola.com. According to FactSet, the consensus among analysts covering TBLA is currently overweight, with a mean price target of $4.17. This indicates that Wall Street generally sees room for growth in Taboola's stock price. Investors will be watching closely to see if the stock can maintain its momentum when regular trading begins and in the days ahead.