Shares of Taboola Com Ltd (TBLA) are soaring 5.12% in pre-market trading on Thursday, following Benchmark's decision to raise its price target for the company. The analyst firm increased its target from $4 to $4.5, signaling growing confidence in Taboola's future prospects.

Taboola, a leading company in the digital advertising space, specializes in content recommendations across the open web. While the specific reasons for Benchmark's more bullish stance weren't detailed in the report, it's possible that the firm sees potential improvements in Taboola's market position, revenue growth, or profitability metrics.

The raised price target from Benchmark appears to have boosted investor sentiment towards Taboola. As the stock market opens, it will be interesting to see if this pre-market surge holds throughout the trading session and whether other analysts follow suit with revised outlooks for the company.