Why BigBear.ai Stock Is Skyrocketing Today
BigBear.ai (NYSE: BBAI) stock is posting big gains in Monday's trading despite sell-offs for the broader market. The software company's share price was up 16.2% as of 3:15 p.m. ET, while the S 500 index and the Nasdaq Composite index were both down 0.8%.
BigBear.ai stock is surging today thanks to bullish coverage from H.C. Wainwright. The firm's lead analyst on the company reiterated a buy rating and raised his one-year price target on the stock from $3 per share to $7 per share.
Before the market opened today, H.C. Wainwright published new coverage on BigBear.ai stock. As of this writing, analyst Scott Buck's new one-year price target of $7 per share implies additional upside of 40%.
Source Fool.com
