Synchrony Financial's stock surged 5.43% in after-hours trading on Tuesday, following positive analyst actions raising price targets on the company's shares.

Evercore ISI adjusted its price target on Synchrony to $79 from $76 while maintaining an Outperform rating on the stock. The firm cited favorable factors that have fueled optimism around Synchrony's prospects.

According to analysts polled by FactSet, Synchrony currently has an average rating of Overweight and a mean price target of $78.38, implying further upside potential from current levels.