Booz Allen ( (BAH) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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Booz Allen’s stock has experienced a downturn primarily due to mixed analyst ratings following weak Q2 results and a reduced revenue and profit outlook. The company’s declining revenue and the impact of government funding reprioritization on its margins prompted JPMorgan and Goldman Sachs to lower their price targets. Despite a history of strong performance, the significantly lower profits reported compared to last year have led some analysts to adjust their expectations.
More about Booz Allen
YTD Price Performance: -27.90%
Average Trading Volume: 1,832,522
Technical Sentiment Signal: Sell
Current Market Cap: $11.26B
For further insights into BAH stock on TipRanks’ Stock Analysis page.
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