Goldman Sachs analyst Noah Poponak raised the firm’s price target on Leidos (LDOS) to $228 from $205 and keeps a Buy rating on the shares. The company’s Q3 results were well ahead of consensus estimates across key metrics, most notably margins, while its management’s forward commentary points to sustainability of the upside, the analyst tells investors in a research note. Leidos now has higher consolidated margins than nearly all of its peers in Government IT, the firm added.
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 – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on LDOS:
- Leidos price target raised to $205 from $175 at Truist
- Early notable gainers among liquid option names on October 29th
- Morning Movers: McDonald’s lower, Pfizer higher after earnings releases
- Leidos raises FY24 EPS view to $9.80-$10.00 from $8.60-$9.00, consensus $9.08
- Leidos reports Q3 EPS $2.93, consensus $2.02