BigBear.ai price target lowered to $6 from $8 at Cantor Fitzgerald

Cantor Fitzgerald lowered the firm’s price target on BigBear.ai (BBAI) to $6 from $8 and keeps an Overweight rating on the shares after assuming coverage of the name. BigBear.ai reported “underwhelming” top-line growth for Q4, and provided lower-than-expected guidance, and Federal uncertainty, the analyst tells investors in a research note. Cantor is bullish on potential catalysts to drive near- to long-term growth, including the Pangiam acquisition to boost vision AI and the transition to target higher- margin commercial customers and believes BigBear.ai is well-positioned to establish itself as a leading AI/ML platform provider in the intelligence space.