BigBear.ai price target raised to $5 from $4 at H.C. Wainwright

H.C. Wainwright analyst Scott Buck raised the firm’s price target on BigBear.ai to $5 from $4 and keeps a Buy rating on the shares following the Q4 report. The company’s Q4 revenue came in “close enough” and the guidance suggests a return of organic growth in 2024, the analyst tells investors in a research note. While some “integration noise” is likely over the next six months, investors should accumulate BigBear.ai shares ahead of stronger operating results and improved business momentum in 2025, says the firm.