Roth MKM analyst Jeff Martin initiated coverage of Bowman Consulting with a Buy rating and $45 price target. The analyst expects a continuation of 10%-plus organic growth and adjusted EBITDA margin expansion, driven by a “well established organic growth and M&A strategy.” The company’s growth culture and propensity to share internal resources facilitates utilization benefits and, ultimately, margin expansion, the analyst tells investors in a research note.
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