Booz Allen price target lowered to $80 from $93 at Goldman Sachs

Goldman Sachs analyst Noah Poponak lowered the firm’s price target on Booz Allen (BAH) to $80 from $93 and keeps a Sell rating on the shares. Revenue declined in the quarter at an accelerated pace, and the company revised FY26 guidance for revenue down 7%, EBITDA down 10%, and EPS down 13%, the analyst tells investors in a research note. A U.S. government funding re-prioritization is impacting Booz Allen, while Goldman also continues to see risk to margins as the customer looks to shift more risk to companies via contract terms.