TD Cowen upgrades Booz Allen Hamilton to Buy, raises price target and FY‑2027 EPS outlook
TD Cowen lifted its rating on Booz Allen Hamilton (BAH) to Buy and increased its price target to $95 from $77, citing a 5% rise in funded backlog to $5.7 billion. The company reported fiscal Q2 adjusted EPS of $1.76 and a 4% drop in revenue, while raising its fiscal 2027 adjusted EPS guidance to $6.50‑$6.70 per share. The upgrade helped the stock jump between 6% and 7% in trading.
Why it matters
The higher price target and upgraded earnings outlook give investors a more optimistic valuation framework, while the backlog growth suggests future revenue momentum. The guidance lift also raises expectations for cash‑flow generation in FY 2027.
Key facts
- 1TD Cowen raised its price target to $95 from $77. finance.yahoo.com
- 2Funded backlog grew 5% to $5.7 billion in the quarter ended Sept. 30. finance.yahoo.com
- 3Fiscal Q2 adjusted earnings per share were $1.76. finance.yahoo.com
- 4Revenue fell 4% year‑over‑year to $2.8 billion. finance.yahoo.com
- 5Full‑year fiscal 2027 adjusted EPS guidance was raised to $6.50‑$6.70 from $6.00‑$6.35. finance.yahoo.com
- 6Shares rose roughly 6%–7% after the upgrade. finance.yahoo.com
Open questions
- The exact intraday price jump is reported as 6.4% in material 6 and 7% in material 5.
Summary written by AlphAI AI Desk from 6 of 6 sources. Not investment advice. Figures are as stated by the linked sources.