Northland lowered the firm’s price target on BigBear.ai (BBAI) to $3.50 from $4 and keeps a Market Perform rating on the shares. BigBear missed the firm’s Q1 estimates on further delays in government contracts in particular, though backlog grew 32% year-over-year and management noted their strategy is “beginning to resonate” and the company reiterated year guidance, the analyst tells investors in a post-earnings note.
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Read More on BBAI:
- Positive Outlook for BigBear.ai Holdings: Buy Rating Affirmed Amid Strong Financial Position and Growth Opportunities
- BigBear.ai Reports Q1 2025 Financial Results
- BigBear.ai reports Q1 EPS (25c) vs (68c) last year
- BigBear.ai backs FY25 revenue view $160M-$180M, consensus $170.1M
- BigBearai Holdings options imply 15.0% move in share price post-earnings
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