JPMorgan has revised its price target for Science Applications International Corporation (SAIC, Financial), reducing it from $148 to $140. Despite this adjustment, the firm maintains an Overweight rating on the stock, reflecting continued confidence in its performance prospects.
The modification in the target price follows a reassessment of SAIC's financial model in preparation for the upcoming first-quarter earnings report. This strategic move suggests JPMorgan's expectations of the company's potential growth remains optimistic, even as they fine-tune their projections.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 9 analysts, the average target price for Science Applications International Corp (SAIC, Financial) is $135.78 with a high estimate of $155.00 and a low estimate of $110.00. The average target implies an upside of 15.51% from the current price of $117.55. More detailed estimate data can be found on the Science Applications International Corp (SAIC) Forecast page.
Based on the consensus recommendation from 11 brokerage firms, Science Applications International Corp's (SAIC, Financial) average brokerage recommendation is currently 2.8, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Science Applications International Corp (SAIC, Financial) in one year is $128.75, suggesting a upside of 9.53% from the current price of $117.55. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Science Applications International Corp (SAIC) Summary page.
