StandardAero, Inc. (SARO) stock is soaring 5.12% in Tuesday's trading session following the company's impressive first-quarter earnings report that exceeded analysts' expectations. The aircraft maintenance firm's strong performance has prompted several analysts to raise their price targets, further fueling investor optimism.

J.P. Morgan, maintaining its "overweight" rating, increased its price target for StandardAero to $35 from $34, citing the company's robust Q1 results. The firm highlighted that StandardAero's performance was particularly strong in its engine service segment, which contributed significantly to the earnings beat. StandardAero reported an adjusted earnings per share of 24 cents, surpassing analysts' expectations of 18 cents. The company's revenue also impressed, coming in at $1.44 billion compared to the average estimate of $1.34 billion.

Adding to the positive sentiment, UBS raised its price target for StandardAero to $30 from $25, although maintaining a "neutral" rating. The company's strong start in engine services has enabled it to raise its 2025 revenue forecast by $25 million, signaling continued growth prospects. With six brokerages rating the stock "buy" or higher and three maintaining a "hold" rating, StandardAero's average price target now stands at $33.67, according to FactSet data. As the company continues to demonstrate strength in its core business and improved outlook, investors are responding positively, driving the stock's significant intraday gain.