Analyst Sherif El-Sabbahy of Bank of America Securities reiterated a Buy rating on Bowman Consulting Group (BWMN – Research Report), with a price target of $30.50.
Sherif El-Sabbahy has given his Buy rating due to a combination of factors including Bowman’s strong financial performance and strategic positioning. The company reported a higher-than-expected adjusted EBITDA for the fourth quarter, with a significant margin expansion, indicating strong operational efficiency. Additionally, Bowman has been active in share repurchases, which reflects confidence in its future prospects.
El-Sabbahy also notes Bowman’s robust backlog and its potential for growth through mergers and acquisitions. The updated 2025 outlook shows an increase in both net revenue and adjusted EBITDA, suggesting a conservative yet promising growth trajectory. Despite some uncertainties in the construction market, Bowman’s valuation remains attractive, and the firm is expected to benefit from improved market conditions and cost management in the long term.
El-Sabbahy covers the Industrials sector, focusing on stocks such as Quanta Services, Herc Holdings, and WillScot Mobile Mini Holdings. According to TipRanks, El-Sabbahy has an average return of 14.7% and a 50.72% success rate on recommended stocks.