BigBear Ai Started at Buy, Price Target $6
03/28/2024 $BigBear.ai Holdings(BBAI.US$ BigBear Ai Started At Buy with $6 Price Target. BBAI focuses on artificial intelligence and machine learning solutions for government and commercial clients: BBAI has a much lower valuation on a price to sales ratio in the sector, and promising technology are attractive. Palantir $Palantir(PLTR.US$ trades at price to sales ratio P/S of 24, SnowFlake $Snowflake(SNOW.US$ trades at price to sales ratio P/S of 18, BigBear Ai trades at a price to sales ratio P/S of only 2x sales.
For the second quarter in a row, BBAI recorded positive adjusted EBITDA, which reached $3.7 million vs. the loss of $2.5 million a year ago and for the first time since entering the market in 2021, the company became cash flow positive in 2H23.
H.C. Wainwright analyst Scott Buck Rates BBAI at Buy, $5 Price target.
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