OK WATCH FOR ANY UPGRADES HERE) SAIC Science Applications International Corporation $115.63-0.07 (-0.06%)4:00 PM 06/10/24 NASDAQ | $USD | Post-Market: $119.43 +3.80 (+3.29%) 6:20 PM
I WONDER IF THEY LOST SOME MILITARY CONTRACT LAST REPORT>?/ GOLDMAN WENT TO A SELL SO ANY GOLDMAN LOVE WOULD BE A TRIGGER))))) On Thursday, TD Cowen maintained a positive outlook on Science Applications (NASDAQ:SAIC) International Corp. (NASDAQ:SAIC), reiterating a Buy rating and a stock price target of $145.00. The firm's stance comes in the aftermath of SAIC's shares experiencing a 12% decline following the company's first-quarter results. According to the analyst from TD Cowen, the drop reflects the market's reaction to SAIC's short-term growth prospects, which appeared to be less robust than anticipated. The analyst highlighted that while immediate growth may be tepid, Science Applications' high cash flow yield, which stands at 6.7%, should provide a financial cushion. This is particularly relevant as the company's projections for fiscal year 2025 are heavily weighted towards the latter part. The firm's analysis suggests that the expectations for a pickup in fiscal year 2026 are well-founded and could potentially be realized. Science Applications International Corp., a provider of technical, engineering, and enterprise information technology services, has seen its stock price adjust as investors digest the company's future growth trajectory. The TD Cowen analyst pointed out that the company's business development efforts have been revamped, which might take time to yield tangible growth results. Despite the recent selloff, TD Cowen's maintained stock price target of $145.00 implies a belief in the intrinsic value of SAIC and the company's ability to reach its financial targets in the coming years. The firm's analysis suggests that the current cash flow yield is a key factor in underpinning the stock's value. In other recent news, Science Applications International Corp. (SAIC) reported solid financial performance in the first quarter of fiscal year 2025, with a focus on strategic growth and share repurchases. The company's revenue reached $1.85 billion, with an adjusted EBITDA of $166 million, reflecting a 9% margin. SAIC also unveiled a multi-year strategy to address national imperatives and growth vectors, and it plans to increase its bid volume to $30 billion by fiscal year 2027. In addition, SAIC has committed to repurchasing $350 million to $400 million in shares this fiscal year. The company is aligning its pipeline with market areas that value differentiation and expects margin improvement in the backlog and pipeline. Moreover, the Defense and Intel (NASDAQ:INTC) segments, along with the Civilian business, are anticipated to grow over the long term. These are recent developments that show SAIC's commitment to long-term growth and market competitiveness. The company's plans for capability-focused mergers and acquisitions, along with a strong pipeline, suggest that SAIC is well-positioned to capitalize on opportunities aligned with customer priorities, including international prospects. YOU KNOW HOW THIS WORKS BY NOW-- WE LOOK FOR 3 GOOD THINGS... 3 LEGS ON THE STOOL RIGHT--- SO WE HAVE THE INSIDER.. WE HAVE A STOCK THAT IS WAY OFF IT'S HIGHS, WE HAVE CASH FLOW... AND WE ARE LOOKING FOR SOME ANALYST LOVE.... stay tuned----
Did you ever think where you would be if you didn't have Gummy? Shaw Bros classic I love this movie. It's available in full on Youtube)))))
SAIC Science Applications International Corporation - This was on a one way trip to $112. (support) before this insider buy changes things. Now $120 may hold////// 1st we have to get there..... $115.63-0.07 (-0.06%)4:00 PM 06/10/24 NASDAQ | $USD | Post-Market: $119.43 +3.80 (+3.29%) 6:20 PM
Update- YEXT Yext, Inc. $5.04-0.11 (-2.14%)4:00 PM 06/10/24 NYSE | $USD | Post-Market: $4.38 -0.66 (-13.10%) 7:59 PM
Lying! The BS meter just swung to overload. Lawd if anyone is benefiting from House Of Gummy it is you.