B. Riley raised the firm’s price target on Bowman Consulting (BWMN) to $43 from $33 and keeps a Buy rating on the shares. The firm says Bowman is its best idea coming out of its May investor conference. The company has realized the benefits of scale, which is reflect in its strong backlog growth, the analyst tells investors in a research note. Riley expects Bowman to report a seasonally strong Q2.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BWMN:
- Bowman Consulting launces $25M Bowman Innovative Growth Fund
- Bowman Consulting selected by U.S. Geological Survey for aerial lidar work
- Bowman Consulting enters agreement to acquire e3i Engineers
- Bowman Consulting awarded Phase II geospatial assignment for federal project
- Bowman Consulting leads $24M water system upgrades in Del Norte, Colorado