William Blair analyst Louie DiPalma has maintained their bullish stance on BAH stock, giving a Buy rating on October 15.
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Louie DiPalma has given his Buy rating due to a combination of factors including Booz Allen’s recent significant contract wins. The company’s potential $1.2 billion contract with the Air Force for the Shadow Raptor project, which involves implementing zero-trust security and integrating new sensors into weapons systems, highlights its strong position in securing high-value government contracts.
Additionally, Booz Allen’s partnership with L3Harris for the TOC-L program further demonstrates its capability in delivering advanced defense solutions. Despite the company lowering its guidance due to macroeconomic challenges, DiPalma views this as a strategic move that could clear the path for future growth, reinforcing his positive outlook on the stock.
In another report released on October 15, Cantor Fitzgerald also maintained a Buy rating on the stock with a $160.00 price target.