Booz Allen price target raised to $145 from $130 at BofA

BofA raised the firm’s price target on Booz Allen to $145 from $130 and keeps a Buy rating on the shares. Given the company’s 20 years of experience working on AI developments, Booz Allen is “uniquely positioned to benefit” from accelerating demand for AI applications, the analyst tells investors. Management has mentioned that AI is already part of more than a third of its $100M-plus contracts and the firm’s higher price target reflects stronger than expected sales and re-rating in defense after the recent developments in Israel, the analyst tells investors.