Wells Fargo analyst Matthew Akers maintained a Buy rating on Science Applications (SAIC – Research Report) yesterday and set a price target of $137.00.
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Matthew Akers has given his Buy rating due to a combination of factors including the stabilization of the operating environment for Science Applications post-GSA scrutiny, which has helped mitigate potential financial impacts for FY26-27. Despite procurement delays, the company remains confident that these will not significantly affect its financial performance.
Additionally, the company is poised to benefit from its strategic realignment, which is expected to enhance its competitiveness in the market. The recent extension on the Vanguard contract reduces recompete risks, and the company is optimistic about maintaining its bid volume and historical win rates. Furthermore, the price target was increased to $137, reflecting higher industrial valuations, which supports the Buy rating.
Akers covers the Industrials sector, focusing on stocks such as Boeing, General Dynamics, and Lockheed Martin. According to TipRanks, Akers has an average return of 20.8% and a 75.24% success rate on recommended stocks.
In another report released yesterday, Citi also maintained a Buy rating on the stock with a $144.00 price target.