B. Riley analyst Alex Rygiel raised the firm’s price target on Bowman Consulting to $35 from $32 and keeps a Buy rating on the shares. Bowman reported strong Q4 and 2022 results that were ahead of expectations, and its record and growing backlog provides good visibility into 2023 guidance and estimates, the analyst tells investors in a research note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly
See Insiders’ Hot Stocks on TipRanks >>
Read More on BWMN:
- Bowman Consulting names Ryan Belyea Chief Digital Officer
- Bowman Consulting discloses $3M in energy services awards
- Bowman Consulting awarded $5M multi-year on-call contract from MBTA
- Bowman Consulting management to meet with Craig-Hallum
- Bowman Consulting selected as prime consultant in Pennsylvania tunnel project