Booz Allen Hamilton: AI-Enabled Contracts Key To Medium-Term Success, Predicts Stifel Analyst
Portfolio Pulse from Shivani Kumaresan
Stifel analyst Bert Subin has reiterated a Buy rating on Booz Allen Hamilton Holding Corporation (BAH) and raised the price target from $110 to $125. The analyst predicts that AI-enabled contracts will be key to the company's medium-term success, estimating potential annual sales from these contracts to be $200 million - $800 million. The company is seen as the largest provider of AI services to the federal government, and the emergence of a burgeoning AI opportunity likely makes Booz's premium multiple deserved.
July 13, 2023 | 6:53 pm
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Stifel analyst Bert Subin has reiterated a Buy rating on Booz Allen Hamilton and raised the price target from $110 to $125. The company's focus on AI-enabled contracts is expected to drive its medium-term success.
The analyst's positive outlook on Booz Allen Hamilton, along with the raised price target, indicates a bullish sentiment towards the company. The focus on AI-enabled contracts, which are expected to generate significant annual sales, is likely to positively impact the company's stock price in the short term.
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