BigBear.ai (BBAI) has shown strong performance recently, driven by progress in AI analytics and decision-making solutions. The company has secured several key contracts, including one with the U.S. Department of Defense, boosting its reputation and financial standing. Also, BBAI’s efforts to expand its market presence by providing industry-specific AI solutions, bode well for long-term growth. BBAI stock has soared 412.5% over the past three months. Despite these gains, technical indicators suggest that BBAI stock is a Buy, implying further upside from current levels.
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BBAI is an AI-driven analytics company that provides decision intelligence solutions for defense, government, and commercial sectors.
Analyzing BigBear.ai Stock’s Technical Indicators
According to TipRanks’ easy-to-understand technical analysis tool, BigBear.ai stock is currently on an upward trend. The stock’s 50-day Exponential Moving Average (EMA) is 4.85, while its price is $9.02, implying a bullish signal. Further, its shorter duration EMA (20 days) also signals an uptrend.
Further, the Rate of Change (ROC) is a momentum-based technical indicator used to measure the percentage change in stock’s price between the current price and the price from a specific number of periods earlier. Typically, a ROC above zero confirms an uptrend. BBAI stock currently has an ROC of 145.11, which signals a Buy.
Is BBAI Stock a Good Buy?
Turning to Wall Street, BBAI stock has a Moderate Buy consensus rating based on two Buys assigned in the last three months. At $7.50, the average BigBear.ai price target implies 16.85% downside potential.
