Booz Allen Bags $76.6M+ Contract; Samsara and MongoDB Catch Analysts' Interest
- June 24th, 2023
- 298 views
Booz Allen Hamilton Holding Corporation (NYSE: BAH) has been awarded a $76,642,088 contract to provide technical services addressing wholeness gaps and operational level of war (OLW) manpower, personnel, training, and education issues for Naval Information Forces.
The contract includes a base ordering period of 60 months and an option to extend services. If exercised, the total estimated value will increase to $85,000,000.
The anticipated start date for the base ordering period is July 2023, with completion expected by June 2028. The contracting activity is being managed by the Naval Supply Systems Command Fleet Logistics Center Norfolk, Contracting Department Norfolk Office, located in Norfolk, Virginia.
On Friday, $BAH closed at $107.44, down $2.29 (2.09%).
In other news, Samsara Inc. (NYSE: IOT), a technology company specializing in providing IoT solutions for businesses, received positive recommendations and price target upgrades from Wells Fargo, RBC Capital, and MoffettNathanson.
Wells Fargo maintained an Overweight rating on the company's stock and raised the price target from $25 to $31. Similarly, RBC Capital maintained an Outperform rating and increased the price target from $27 to $32. Additionally, MoffettNathanson also maintained an Outperform rating and raised the price target from $30 to $33.
$IOT closed at $26.11 on Friday.
Separately, MongoDB, Inc. (Nasdaq: MDB), a leading technology company specializing in modern database solutions, received positive recommendations and price target upgrades from Truist, Morgan Stanley, and RBC Capital.
Truist maintained a Buy rating on the company's stock and raised the price target from $365 to $420. Similarly, Morgan Stanley maintained an Overweight rating and increased the price target from $270 to $440. Additionally, RBC Capital maintained an Outperform rating and raised the price target from $400 to $445.
On Friday, $MDB closed at $389.99.
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