Avery Dennison (AVY) stock is soaring 5.23% in pre-market trading on Thursday, following the company's solid third-quarter 2025 performance and a series of analyst upgrades and price target increases.

The positive momentum comes after Avery Dennison released its Q3 earnings report, which apparently impressed investors and analysts alike. In response to the strong results, several major financial institutions have revised their outlook on the company. Notably, JPMorgan analyst Jeffrey Zekauskas upgraded Avery Dennison to Overweight from Neutral, raising the price target to $195 from $182.

The optimism surrounding Avery Dennison is further evidenced by a wave of price target increases from various analysts. Raymond James lifted its target to $210 from $200, while Truist Financial reiterated a Buy rating with a price target of $213. Other firms, including Stifel, UBS, and BofA Global Research, have also raised their price objectives for the stock. This broad-based analyst support suggests growing confidence in Avery Dennison's future prospects and financial performance.