Gautam Khanna, an analyst from TD Cowen, maintained the Buy rating on Booz Allen (BAH – Research Report). The associated price target remains the same with $155.00.
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Gautam Khanna has given his Buy rating due to a combination of factors that showcase Booz Allen’s resilience and growth prospects. Despite facing a slowdown in contract awards because of administrative changes and other federal challenges, Booz Allen is managing its costs effectively. The company has maintained high employee utilization rates, indicating efficient management of resources during this period.
Moreover, Booz Allen’s current book-to-bill ratio points to potential sales growth in the coming fiscal year, suggesting that the company is well-positioned for future revenue increases. Additionally, a slight increase in employee headcount year-over-year further supports the expectation of growth. The anticipated financial gains from strategic actions, such as the sale of SnapAttack, contribute to an optimistic outlook for Booz Allen’s performance, justifying the Buy recommendation.
According to TipRanks, Khanna is a top 100 analyst with an average return of 16.7% and a 71.29% success rate. Khanna covers the Industrials sector, focusing on stocks such as Boeing, General Dynamics, and Booz Allen.
In another report released today, Raymond James also upgraded the stock to a Buy with a $150.00 price target.
