Truist Securities analyst Tobey Sommer has reiterated a Hold rating on Booz Allen Hamilton Holding Corporation (NYSE:BAH), raising the price target to $120 from $106. The company reported Q1 revenue growth of 18% YoY to $2.65 billion, beating the consensus of $2.51 billion. Sommer believes BAH is viewed as a relative AI leader in the Government Services space and estimates AI revenues of ~$400 million today, growing at a ~20% CAGR over the past five years.