Wells Fargo raised the firm’s price target on SAIC (SAIC) to $154 from $147 and keeps an Overweight rating on the shares. SAIC gave back all of its pre-market gains on a Q3 that included one-time benefits along with a light book-to-bill and free cash flow, the analyst tells investors in a research note. The key for the stock to work will be an inflection in bookings and growth into FY26, Wells argues.
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Read More on SAIC:
- SAIC Reports Strong Q3 Results and Increases Guidance
- SAIC price target raised to $154 from $147 at Wells Fargo
- SAIC raises FY25 adjusted EPS view to $8.50-$8.65 from $8.10-$8.30
- SAIC reports Q3 adjusted EPS $2.61, consensus $2.16
- SAIC board authorizes $1.2B share repurchase program
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
