Is BigBear.ai Stock Going to $7? 1 Wall Street Analyst Thinks So.
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One of the more assertive analyst price target raises happened at nearly the end of 2024. The affected company was artificial intelligence (AI) specialist BigBear.ai (NYSE: BBAI), which popped to a more than one-year high on the news. Is that fresh burst of optimism justified?Before market open on Monday, H.C. Wainwright's Scott Buck raised his fair value assessment of BigBear.ai shares to $7 apiece. The new level is more than double the previous $3 price target. Not surprisingly, Buck retained his buy recommendation on the ambitious AI company. The analyst is particularly impressed by BigBear.ai's ability to draw revenue from a diverse range of clients, according to reports. One entity the company is doing business with is the U.S. federal government -- quite the reliable partner -- by participating in a project with the General Services Administration.Continue readingWeiter zum vollständigen Artikel bei MotleyFool
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