Truist analyst Tobey Sommer raised the firm’s price target on Booz Allen to $120 from $106 and keeps a Hold rating on the shares after its Q1 earnings beat. The company’s organic growth in the quarter was the highest since the 2010 IPO, with Booz Allen also running ahead of plan relative to FY25 financial targets, the analyst tells investors in a research note. The firm adds that Booz Allen is viewed as a relative AI leader in the Government Services space.
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- Booz Allen price target raised to $125 from $108 at Barclays
- Booz Allen price target raised to $127 from $125 at Stifel
- Booz Allen cuts FY24 net cash from operating activities view to $160M-$260M
- Booz Allen backs FY24 adjusted EPS view $4.80-$4.95, consensus $4.95
- Booz Allen reports Q1 adjusted EPS $1.47, consensus $1.25