Wells Fargo analyst Matthew Akers maintains $Leidos (LDOS.US)$ with a buy rating, and adjusts the target price from $205 to $199.
According to TipRanks data, the analyst has a success rate of 72.1% and a total average return of 21.3% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Leidos (LDOS.US)$'s main analysts recently are as follows:
Leidos is expected to face a transition in 2025 after experiencing 'explosive growth' in 2024, which could potentially restrict the stock's upward re-rating prospects. Additionally, the government services sector is currently under negative investor sentiment, which might not show improvement for several quarters.
The firm maintains a cautious stance on the commercial aerospace sector due to concerns about the speed of OEM production ramp-ups, reiterating similar sentiments from their December outlook. Recent company interactions support this cautious outlook. For the defense sector, ongoing funding concerns and DOGE risks are seen as potential persistent issues, with Q4 providing little clarity on these matters. Despite a widely negative sentiment around DOGE, Leidos is anticipated to surpass conservative forecasts for Q4 and report robust bookings from DES, F-16 and VA awards.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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