First Busey Corporation (NASDAQ: BUSE) stock is soaring in pre-market trading on Wednesday, up 5.10% as of 09:41 AM ET. This significant uptick comes as investors react to a positive analyst report released earlier in the day.

Piper Sandler, a respected financial services firm, has maintained its Buy rating on First Busey. Analyst Andrew Liesch reaffirmed the bullish stance on the stock, although the specific price target was not disclosed in the available information. This vote of confidence from a major analyst firm appears to be driving investor enthusiasm and contributing to the stock's pre-market rally.

First Busey Corporation, a financial holding company, provides various financial services through its banking and non-banking subsidiaries. While detailed financial performance metrics are not provided in the current news, the maintained Buy rating suggests that Piper Sandler sees potential for growth and value in the company. Investors will likely be watching closely to see if this pre-market momentum carries into regular trading hours and if any additional details emerge regarding the analyst's outlook on First Busey.