SES AI Corp (NYSE: SES) shares are continuing their upward trajectory, soaring 5.02% in pre-market trading on Friday. This surge follows Thursday's impressive 7.76% gain, as investors remain bullish on the company's strong third-quarter performance and positive analyst sentiment.

The advanced battery technology company reported Q3 2025 revenues of $7.12 million, significantly outperforming analyst expectations of $4.83 million. Despite posting a quarterly loss of $20.92 million, or 6 cents per share, the substantial top-line growth has clearly resonated with investors. Adding to the positive momentum, Cantor Fitzgerald maintained its Overweight rating on SES AI stock following the earnings release, underscoring the market's optimism about the company's future prospects in the rapidly evolving electric vehicle battery market.

Further bolstering investor confidence, Deutsche Bank raised its price target for SES AI from $1 to $2, while maintaining a Hold rating. This adjustment reflects growing optimism about the company's potential in the AI-enhanced lithium battery technology sector. With a market cap of approximately $813.45 million and forecasted revenue growth of 53.1% annually, SES AI is positioning itself as a notable player in the electric vehicle and advanced battery technology space, despite ongoing profitability challenges.