BigBear.ai Stock Drops Despite Positive Profitability Metrics; Analyst Sees 95% Upside
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BigBear.ai's (BBAI) stock dropped 32% after its latest earnings report missed revenue expectations and showed a loss per share.
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However, the company recorded positive adjusted EBITDA for the second straight quarter and became cash flow positive.
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BBAI issued an upbeat 2024 revenue outlook, boosted by the acquisition of Pangiam.
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Analyst Scott Buck set a Street-high $5 price target on BBAI, seeing 95% upside as its business scales over time.
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The Wall Street consensus rating on BBAI stock is a Moderate Buy, with an average price target of $3.88 implying 51% one-year returns.