Booz Allen (BAH – Research Report), the Industrials sector company, was revisited by a Wall Street analyst yesterday. Analyst Mariana Perez Mora from Bank of America Securities reiterated a Buy rating on the stock and has a $210.00 price target.
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Mariana Perez Mora has given her Buy rating due to a combination of factors highlighting Booz Allen’s strong market position and potential for growth. Despite the market’s exaggerated negative reaction to DOGE-related news, Booz Allen’s portfolio is seen as well-aligned with mission-critical and high-growth opportunities, making it a strategic beneficiary in a market driven by modernization and efficiency.
Additionally, concerns about Booz Allen’s exposure to contracts affected by workforce reductions in the GSA are mitigated by the efficiency and competitiveness of contracts like Alliant and Oasis. These master contract vehicles offer significant value, focusing on agile and cost-effective solutions. The market overlooks that a substantial portion of GSA’s workforce is engaged in managing services with little outsourcing, reinforcing Booz Allen’s strong fundamentals and supporting the Buy recommendation.
In another report released on February 6, Cantor Fitzgerald also initiated coverage with a Buy rating on the stock with a $160.00 price target.