Truist analyst Tobey Sommer raised the firm’s price target on Booz Allen to $145 from $120 and keeps a Hold rating on the shares. The firm said the company reported “another strong quarter,” with revenue growing 13% year-over-year organically and EBITDA margins remaining north of 11% for the third consecutive quarter. Truist noted that it remains on the sidelines as it believes the stock’s multiple fairly captures the superior organic growth profile and the company’s leadership in the AI domain with a 29% premium.
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