Booz Allen Hamilton Target Raised to $85 as EPS Beats and Backlog Hits $38B
BAH•Cowen & Co maintained a hold rating on Booz Allen Hamilton, raising its target to $85 from $80. The company posted adjusted EPS of $1.78 beating estimates but saw Q4 revenue of $2.78B miss projections, while its National Security segment drives a record $38B backlog.
1. Hold Rating and Price Target Revision
Cowen & Co retained its hold rating on Booz Allen Hamilton but lifted the price target to $85 from $80, indicating cautious confidence in the firm’s valuation despite mixed segment results.
2. Record $38 Billion Backlog
Demand for AI, cyber and defense solutions propelled the National Security segment, contributing to a record $38.0 billion backlog that offsets continued weakness in the Civil business.
3. Q4 Financial Performance
In the fourth quarter, adjusted EPS came in at $1.78, surpassing the $1.32 estimate, while revenues of $2.78 billion trailed the $2.88 billion consensus, underscoring profitability strengths amid sales pressures.
