Stock Track | BigBear.ai Plummets 11.38% as Investors Take Profits After Recent Surge

Stock Track11-14

BigBear.ai Holdings (BBAI) shares plummeted 11.38% in intraday trading on Thursday, as investors appear to be taking profits following a multi-day surge. The recent rally was fueled by the company's better-than-expected third-quarter earnings report and the announcement of a strategic acquisition.

The AI solutions provider reported revenue of $33.14 million for the third quarter, surpassing Wall Street estimates of $31.82 million. BigBear.ai also demonstrated improved cost discipline, posting a narrower-than-expected loss of 3 cents per share versus the projected 7-cent loss. Despite these positive results, the stock is experiencing a significant pullback today.

Adding to the recent optimism was BigBear.ai's announcement of its acquisition of Ask Sage, a generative AI platform for secure government environments. H.C. Wainwright analyst Scott Buck views this deal as a potential "swing factor" for 2026, forecasting that it could drive revenue to $200 million and improve margins through SaaS-style recurring revenue. Despite today's decline, Buck maintains a Buy rating with an $8 price target, suggesting potential upside from current levels.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment