Analyst ratings and price targets can significantly influence a stock's performance. In this case, the 'Outperform' rating maintained by Raymond James indicates that they expect Karooooo to outperform the market. Additionally, the increase in the price target from $27 to $30 suggests that they believe the stock has the potential to reach or exceed this new target, which could encourage investors to buy the stock, potentially driving up its price in the short term.