- William Blair analyst Louie DiPalma had a Market Perform rating on BigBear.Ai, Inc BBAI.
- The share price for BigBear.ai jumped after it won a multiple award $900 million Indefinite Delivery/Indefinite Quantity (IDIQ) contract from the U.S. Air Force.
- The contract indicated that there were 92 other awardees for the contract against whom BigBear had to fight to win orders carrying a ceiling value of $900 million.
- The contract indicated that each vendor won $1,000. The multiple vendors further boosted the risk of BigBear not winning any order concerning the contract.
- Additionally, the contract being an IDIQ instead of a definitive agreement, there is also the risk of BigBear not winning the total amount over the contract period.
- The AI-powered analytics solutions provider has a market cap of $107.4 million.
- Price Action: BBAI shares are trading higher by 240.40% at 2.88 on the last check Thursday.
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