These Analysts Raise Their Forecasts On Leidos Following Strong Earnings
Portfolio Pulse from Avi Kapoor
Leidos Holdings, Inc (NYSE:LDOS) reported strong Q2 fiscal 2024 earnings, with revenue and adjusted EPS beating analyst estimates. The company raised its fiscal 2024 revenue and EPS guidance. Analysts from RBC Capital and JP Morgan raised their price targets for Leidos following the earnings announcement.
July 31, 2024 | 6:28 pm
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Leidos Holdings reported strong Q2 fiscal 2024 earnings, with revenue and adjusted EPS beating analyst estimates. The company raised its fiscal 2024 revenue and EPS guidance. Analysts from RBC Capital and JP Morgan raised their price targets for Leidos.
Leidos Holdings reported better-than-expected Q2 earnings and raised its fiscal 2024 guidance, which is a positive indicator for the company's future performance. Analysts from RBC Capital and JP Morgan raised their price targets, reflecting increased confidence in the stock. Despite a 2% drop in share price, the overall sentiment is positive, suggesting a likely short-term price increase.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100