BigBear.ai price target lowered to $3 from $3.50 at Cantor Fitzgerald

Cantor Fitzgerald lowered the firm’s price target on BigBear.ai to $3 from $3.50 and keeps an Overweight rating on the shares. BigBear.ai delivered a strong productive finish to 2023, rebounding from a Q3 revenue decline of 16.4% year over year, with adjusted EDITDA the star of the show, the analyst tells investors in a research note.