SAIC price target lowered to $115 from $130 at Jefferies

Jefferies lowered the firm’s price target on SAIC (SAIC) to $115 from $130 and keeps a Hold rating on the shares. Growth has “always proven difficult for SAIC,” but the current funding environment has made that particularly so with more scrutiny on scope additions proposed on current programs, says the analyst, who now estimates FY26 revenue contracts 2%.