Stifel lowered the firm’s price target on SAIC (SAIC) to $128 from $130 and keeps a Buy rating on the shares after the company cut its outlook for revenue as market challenges are persisting longer than expected. While the company’s Q2 results and call “do not inspire many warm and fuzzy feelings,” the firm thinks SAIC remains “an attractive value stock to buy,” the analyst tells investors.
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 SAIC:
- SAIC’s Profitability at Risk: Rising Labor and Subcontractor Costs Threaten Financial Stability
- SAIC Reports Q2 FY2026 Earnings with Strategic Adjustments
- Balanced Outlook: Hold Rating for Science Applications Amid Financial Challenges and Opportunities
- Cautious Hold on SAIC Amid Mixed Results and Lowered Guidance
- SAIC’s surprise guide cut highlights ongoing policy uncertainty, says Truist