BigBear.ai (BBAI) Stock Rallies 23% on Ask Sage Acquisition and Q3 Earnings Beat
BigBear.ai has seen its stock price surge by 23% following the announcement of its Ask Sage acquisition and a strong third-quarter earnings report. As analysts continue to review the new information, updates to price targets and ratings may be forthcoming.
For the upcoming quarter, analysts are projecting a loss of $0.05 per share on revenue of $34.19 million. Looking at the full-year forecast, BigBear.ai is expected to report a loss of $1.10 per share on $132.54 million in revenue.
The company has a track record of outperforming revenue estimates, having beaten them twice in the past four quarters. BigBear.ai operates within the Computers IT Services sector, which ranks among the top 28% of industries, reflecting strong market positioning.
The Ask Sage transaction, a key development for the company, is anticipated to close by early 2026. BigBear.ai specializes in AI-powered decision intelligence solutions tailored for defense and national security applications, positioning itself at the forefront of this critical market.
Stay tuned for further updates as analysts digest the latest developments and refine their outlook on BigBear.ai’s prospects.
*This article originally appeared on Blockonomi.*
https://bitcoinethereumnews.com/tech/bigbear-ai-bbai-stock-rallies-23-on-ask-sage-acquisition-and-q3-earnings-beat/
