Shares of Kura Sushi USA, Inc. (KRUS) are soaring 6.02% in pre-market trading on Wednesday, following the company's better-than-expected third-quarter results and a wave of analyst upgrades. The Japanese-inspired restaurant chain has caught the attention of Wall Street, with multiple firms raising their price targets in response to the company's strong performance.

The positive momentum appears to be driven by Kura Sushi's impressive Q3 results, which have prompted analysts to revise their outlooks upward. Benchmark raised its price target significantly from $85 to $102, maintaining a Buy rating on the stock. Similarly, Roth Capital boosted its target from $89 to $106, also reiterating a Buy rating. Lake Street showed even more optimism, hiking its price target from $62 to $98, citing the company's favorable prospects.

Other notable upgrades include Citigroup raising its target to $96 from $85, Barclays increasing to $75 from $71, and Craig-Hallum reaffirming its Buy rating with a price target of $105. The consistent positive sentiment from various analysts suggests strong confidence in Kura Sushi's business model and future growth potential. As the market digests these upgrades and the company's robust quarterly performance, investors are clearly showing their approval through the substantial pre-market stock price increase.