BigBear.ai (BBAI) shows growth potential given its expansion into commercial markets and AI vision tech through acquisitions. Also, the company has secured several key contracts, including one with the U.S. Department of Defense, boosting its reputation and financial standing. BBAI stock has soared 81.8% year-to-date. Despite these gains, technical indicators suggest that BBAI stock is a Strong Buy, implying further upside from current levels.
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BBAI is an AI-driven analytics company that provides decision intelligence solutions for defense, government, and commercial sectors.
Analyzing BigBear.ai Stock’s Technical Indicators
According to TipRanks’ easy-to-understand technical analysis tool, BBAI stock is currently on an upward trend. The Moving Average Convergence Divergence (MACD) indicator, which helps understand momentum and potential price changes, signals a Buy.
Further, the stock’s 50-day Exponential Moving Average (EMA) is 5.21, while its price is $8.13, implying a bullish signal. Also, its shorter duration EMA (20 days) signals an uptrend.
Another technical indicator, the Rate of Change (ROC), is a momentum-based technical indicator used to measure the percentage change in a stock’s price between the current price and the price from a specific number of periods earlier. Typically, a ROC above zero confirms an uptrend. BBAI stock currently has an ROC of 48.02, which signals a Buy.
Is BBAI Stock a Good Buy?
Turning to Wall Street, BBAI stock has a Moderate Buy consensus rating based on two Buys and two Holds assigned in the last three months. At $5.83, the average BigBear.ai price target implies 28.4% downside potential.
