The analyst at wells fargo & co, a financial services company, has upgraded the investment rating of Science Applications International to 'shareholding'.
According to the Securities Times app, analyst Matthew Eckes of wells fargo & co has raised the rating of Science Applications International (SAIC.US) to 'shareholding', with the target price lowered from $157 to $147. It is expected that the stock price will have an upward potential of approximately 20% in the next 12 months. Despite market concerns that the Department of Government Efficiency (DOGE) led by Elon Musk may cut spending, the analyst believes that Science Applications International is undervalued.
In his report on November 26th, Eckes pointed out that the difficulty of implementing the spending cuts by DOGE is high, but if Trump is re-elected, it may increase spending pressure. Based on the assumption of flat spending, SAIC's pe ratio is 10% lower than the s&p 500. He also reduced the target price, based on the expected adjustment of 17.5 times eps in 2026.
