Bel Fuse's stock price surged 5.27% during Thursday's intraday trading session, showing significant upward momentum.
The sharp increase appears to be driven by positive analyst sentiment, with Needham raising its price target on Bel Fuse to $250 from $212 while maintaining its Buy rating on the stock. Analyst upgrades and target price increases often signal confidence in a company's future prospects and can trigger buying activity among investors.
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