Diodes Inc. (DIOD) shares soared 16.82% early in the trading session on Wednesday, following a pre-market surge.
The sharp rise comes after multiple analysts issued bullish updates on the stock. Benchmark maintained its Buy rating and raised its price target to $80 from $62, while Truist Securities increased its target price to $67 from $54.
These upward revisions reflect growing confidence among analysts regarding the company's future prospects, prompting increased investor buying activity.
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