BigBear.ai stock gains with AI contracts price target raised Buy rating upheld By Investing.com
On Monday, H.C. Wainwright analyst Scott Buck increased the price target on BigBear.ai Holdings (NYSE:BBAI), now valued at $1.05 billion, to $7.00, up from the previous $3.00, while reaffirming a Buy rating on the stock.
The revision follows a significant surge in the company’s share price, which has climbed 139.2% since the announcement of its third-quarter operating results on November 5, 2024, with a notably high beta of 3.3 indicating significant volatility. In contrast, the index saw a 0.7% decline during the same period. According to InvestingPro analysis, the stock is currently trading above its Fair Value.
Buck attributes the stock’s robust performance to several factors, including a growing demand for BigBear.ai’s artificial…
