BigBearai Holdings, the Technology sector company, was revisited by a Wall Street analyst today. Analyst Scott Buck from H.C. Wainwright reiterated a Buy rating on the stock and has a $8.00 price target.
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Scott Buck has given his Buy rating due to a combination of factors, including BigBear.ai Holdings’ strategic acquisition of Ask Sage, which is expected to enhance the company’s growth trajectory. The acquisition, valued at $250 million, is anticipated to be margin accretive and aligns with the company’s focus on defense and national security sectors, potentially generating significant annual recurring revenue.
Despite mixed third-quarter results, the company’s revenue exceeded expectations, and its substantial cash reserves position it well for future acquisitions, further accelerating growth. While there are short-term challenges such as the government shutdown, the long-term outlook remains positive, with the acquisition expected to contribute materially to 2026 results. Consequently, Scott Buck maintains an $8 price target, reflecting optimism about the company’s future prospects.
According to TipRanks, Buck is a 4-star analyst with an average return of 5.6% and a 33.47% success rate. Buck covers the Technology sector, focusing on stocks such as Lightpath Technologies, Veritone, and Mogo Finance Technology.