National Vision Holdings (EYE) stock is soaring 5.06% in intraday trading, following a series of analyst upgrades and raised price targets. The optical retail company has received positive attention from several major financial institutions, signaling growing confidence in its future performance.

Bank of America led the charge by upgrading National Vision to a Buy rating and setting a new price target of $22. This was followed by UBS, which maintained its Buy rating while raising its price target from $18 to $20. Morgan Stanley and Wells Fargo also joined the bullish sentiment, with Morgan Stanley increasing its target from $14 to $17, and Wells Fargo raising its target from $13 to $15 while maintaining an Equal-Weight rating.

The wave of positive analyst actions reflects growing optimism about National Vision's business prospects. According to FactSet, the company now has an average rating of overweight and a mean price target of $16.15. This surge in analyst confidence appears to be the primary driver behind today's significant stock price increase, as investors react to the improved outlook for the company.