SAIC Likely To Report Lower Q1 Earnings; Here's A Look At Recent Price Target Changes By The Most Accurate Analysts

Science Applications International Corporation SAIC is expected to report its first quarter fiscal year 2024 results before the opening bell on June 5, 2023.

Analysts expect the company to post quarterly earnings at $1.76 per share, down from year-ago earnings of $1.88 per share. The company’s revenue might come in at $1.94 billion.

SAIC shares rose 1.6% to close at $98.92 on Thursday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.

• Goldman Sachs analyst Gavin Parsons maintained a Sell rating and raised the price target from $90 to $97 on April 6, 2023. This analyst sees around 2% downside in the company’s stock and has an accuracy rate of 67%.
• Wells Fargo analyst Sarah Akers maintained an Equal-Weight rating and cut the price target from $121 to $118 on April 4, 2023. This analyst sees around 19% upside in the company’s stock and has an accuracy rate of 69%.
• Citigroup analyst Jason Gursky maintained a Buy rating and slashed the price target from $141 to $127 on April 4, 2023. This analyst sees around 28% upside in the company’s stock and has an accuracy rate of 66%.
• Morgan Stanley analyst Matthew Sharpe downgraded the stock from Overweight to Equal-Weight and raised the price target from $108 to $114 on Jan. 3, 2023. This analyst sees around 15% upside in the company’s stock and has an accuracy rate of 73%.
• Jefferies analyst Sheila Kahyaoglu downgraded the stock from Buy to Hold with a price target of $110 on Nov. 17, 2022. This analyst sees around 11% upside in the company’s stock and has an accuracy rate of 60%.

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