Shares of Interactive Brokers (IBKR) are soaring 9.93% in pre-market trading on Friday, following the company's impressive second-quarter earnings report that exceeded analyst expectations across multiple metrics. The online brokerage firm demonstrated robust growth in key areas of its business, prompting positive reactions from Wall Street analysts.

Interactive Brokers reported adjusted earnings per share of $0.51, surpassing the consensus estimate of $0.47. Revenue for the quarter came in at $1.48 billion, beating analyst projections of $1.37 billion and representing a significant 20% increase compared to the same period last year. The company's strong performance was driven by higher customer trading volumes, with commission revenue jumping 27% to $516 million.

The firm also reported substantial growth in its customer base, with total accounts rising 32% year-over-year to 3.87 million. Trading volumes saw notable increases, with stock and options trading up 31% and 24% respectively. These strong results have led several brokerages to raise their price targets for IBKR stock, reflecting increased confidence in the company's growth prospects. Barclays, for instance, raised its target price to $73 from $65, while Jefferies adjusted its target to $67 from $68.