Voya Financial (VOYA) stock is surging 9.47% in Wednesday's trading session, building on its strong pre-market performance. The significant uptick comes as multiple analysts have issued positive reports and raised price targets for the financial services company, signaling growing confidence in its future prospects.

Barclays has raised its price target for Voya Financial from $66 to $70, while maintaining a Hold rating. This upgrade represents a notable increase in the expected upside potential for the stock. Meanwhile, KBW analyst Ryan Krueger has reaffirmed a Buy rating on VOYA with an even more optimistic price target of $80, further boosting investor sentiment.

The wave of positive analyst actions suggests increasing faith in Voya Financial's business model and market position. As a provider of retirement, investment, and insurance solutions, Voya appears well-positioned in the current market environment. Investors are responding enthusiastically to these bullish signals, driving the stock's impressive performance and potentially setting the stage for continued momentum in the near term.