BigBear.Ai shares are trading lower after the company reported worse-than-expected Q2 revenue results and cut its FY24 revenue guidance below estimates. Also, HC Wainwright & Co lowered its price target on the stock from $5 to $3.
Portfolio Pulse from Benzinga Newsdesk
BigBear.Ai shares are trading lower after the company reported worse-than-expected Q2 revenue results and cut its FY24 revenue guidance below estimates. Additionally, HC Wainwright & Co lowered its price target on the stock from $5 to $3.
August 02, 2024 | 4:03 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
BigBear.Ai shares are trading lower due to disappointing Q2 revenue results and a reduction in FY24 revenue guidance. HC Wainwright & Co also lowered its price target from $5 to $3.
The company's worse-than-expected Q2 revenue results and reduced FY24 revenue guidance are likely to negatively impact investor sentiment. Additionally, the lowered price target from HC Wainwright & Co reinforces the negative outlook.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100