Bank of America analyst Sherif El-Sabbahy has revised the price target for Bowman Consulting (BWMN, Financial), reducing it to $26 from the previous $30.50. Despite this adjustment, the firm maintains a Buy rating on the stock. The decision comes as the company anticipates a difficult earnings environment within the Machinery, Engineering & Construction, and Waste sectors.
According to the analyst, companies in these sectors face a potential "lose-lose" scenario: they must either lower their guidance due to prevailing uncertainties or risk seeming disconnected from the current industry conditions. Given these circumstances, Bank of America is revising price targets across these sectors and is shifting its focus towards service-oriented areas like aggregates, rentals, and waste services, instead of original equipment manufacturers.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 6 analysts, the average target price for Bowman Consulting Group Ltd (BWMN, Financial) is $34.08 with a high estimate of $43.00 and a low estimate of $28.00. The average target implies an upside of 59.72% from the current price of $21.34. More detailed estimate data can be found on the Bowman Consulting Group Ltd (BWMN) Forecast page.
Based on the consensus recommendation from 6 brokerage firms, Bowman Consulting Group Ltd's (BWMN, Financial) average brokerage recommendation is currently 1.7, indicating "Outperform" 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 Bowman Consulting Group Ltd (BWMN, Financial) in one year is $29.28, suggesting a upside of 37.21% from the current price of $21.34. 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 Bowman Consulting Group Ltd (BWMN) Summary page.
