Why BigBear.ai Stock Is Skyrocketing Again Today
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BigBear.ai's stock surged 14.7% in Wednesday's trading, continuing a rally in defense AI stocks. The stock has gained 82% over the past month and 70% year-to-date. Analyst coverage from H.C. Wainwright, which raised the price target from $6 to $9, supports bullish sentiment. The stock's rise is also influenced by broader market trends, including a recent trade deal announcement and expectations of Federal Reserve interest rate cuts. Despite the positive momentum, the company needs to demonstrate stronger performance after a modest 5% sales growth last quarter.
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