Booz Allen Hamilton Prices Surge Past Analyst Target Price

Booz Allen Hamilton Holding Corp. shares have surpassed the average analyst price target of $170.56, currently trading at $181.93. Investors are now determining whether this is just a stop or a sign of further price elevation.

Date: 28-10-2024

AI Rating: 6

Booz Allen Hamilton Holding Corp. (BAH) has seen its shares trading above the average analyst target price of $170.56, now at $181.93.

The report mentions that there are various analyst targets for BAH, with a range from a low of $142.00 to a high of $196.00, and a standard deviation of $17.699. This indicates a broader variability in expectations among analysts.

The report provides a breakdown of recent analyst ratings for BAH: 6 strong buy ratings, 2 hold ratings, and 2 strong sell ratings. The average rating stands at 2.2, categorized as a 'Buy' given that 1 is Strong Buy and 5 is Strong Sell. This suggests a favorable outlook among analysts, although with some caution reflected in the hold and strong sell ratings.

Given that the current trading price exceeds the average target, it raises questions about whether investors should reassess the valuation. If future developments within the company are positive, it could lead to analysts adjusting their target prices upward, which generally supports a bullish sentiment in the market.

Stocks: BAH