BigBear.ai Stock Forecast: Analysts Weigh In After 179% Rally
BigBear.ai (BBAI) continues to ride the AI wave, with shares up 179% year-to-date despite a recent 22% pullback. The defense-focused AI firm beat Q3 estimates with $33.1 million revenue against $31.81 million expectations, while narrowing losses to $0.03 per share.
The $250 million Ask Sage acquisition signals BigBear.ai's ambition to dominate secure AI for defense applications. H.C. Wainwright's Scott Buck maintains a Buy rating, citing the strategic MOVE as a growth catalyst.
Market sentiment remains cautiously optimistic, with average price targets suggesting 11% upside potential. The stock's volatility reflects both the promise of military AI adoption and lingering valuation concerns amid broader market weakness.