Is BigBear.ai Stock Going to $7? 1 Wall Street Analyst Thinks So.

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 Weiter zum vollständigen Artikel bei MotleyFool