Northland analyst Michael Latimore downgraded BigBear.ai (BBAI) to Market Perform from Outperform with a price target of $4, up from $2.50. The firm downgrades the shares until the company has time to implement its new CEO’s plans and returns to more consistent and meaningful growth. BigBear.ai reported a large revenue and slight EBITDA miss in Q4 and government spending patterns remain uncertain in the near term, the analyst tells investors in a research note.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BBAI:
- Long-Term Growth Potential for BigBear.ai Amid Short-Term Challenges: A Buy Recommendation by Scott Buck
- BigBear.ai price target lowered to $6 from $7 at H.C. Wainwright
- Is BigBear.ai Stock (BBAI) a Buy After Q4 Earnings?
- BigBear.Ai Reports Financial Restructuring and Growth
- BigBear.ai reports Q4 EPS (43c) vs. (14c) last year