In a remarkable display of market confidence, Science Applications (NASDAQ:SAIC) International Corporation (SAIC) stock has reached an all-time high, touching $145.3. This milestone underscores a period of significant growth for the company, reflecting a bullish sentiment among investors. Over the past year, SAIC has seen an impressive 37.86% increase in its stock value, a testament to the company's strong performance and potential for future gains. The ascent to this record price level marks a notable achievement for SAIC, as it continues to expand its footprint in the technology services industry.
In other recent news, Science Applications International Corp (SAIC) has been in the spotlight with several significant developments. Following a strong financial performance, JPMorgan upgraded SAIC's stock from Neutral to Overweight and raised its price target to $170.00. The company's shift towards higher-value work, coupled with an increased pipeline from $115 billion to $130 billion, has led to notable growth, with submitted bids surpassing the company's own targets.
Jefferies has also revised its price target for SAIC shares to $148.00, maintaining a hold rating. This comes after a series of positive developments, including a strong progression in bids throughout the year, amounting to around $14.5 billion, and expectations of 2-3% organic growth in the second half of the year. SAIC has also secured a significant $229 million contract from the U.S. Department of Defense, enhancing the IT capabilities of NORAD and USNORTHCOM.
Recent financial results indicated a 2% increase in revenue and a slight 2% decrease in EBITDA, surpassing expectations. This led to a revised fiscal year 2025 forecast predicting 3% revenue growth and 4% EBITDA growth. Despite acknowledging risks related to contract protests and the impact of elections on their book-to-bill targets, SAIC executives expressed confidence in their strategy to drive sustainable growth.
InvestingPro Insights
SAIC's recent stock performance aligns with several key insights from InvestingPro. The company's strong market position is reflected in its trading near its 52-week high, with a robust 24.23% price return over the last three months. This upward trajectory is supported by SAIC's solid financial fundamentals, including a market capitalization of $7.18 billion and a price-to-earnings ratio of 25.62.
InvestingPro Tips highlight SAIC's commitment to shareholder value, noting that management has been aggressively buying back shares and the company offers a high shareholder yield. Additionally, SAIC has maintained dividend payments for 12 consecutive years, demonstrating a consistent return to investors. The company's profitability is also emphasized, with analysts predicting continued profitability this year.
However, investors should be aware that the stock's RSI suggests it may be in overbought territory, which could indicate a potential for short-term price adjustments. For a more comprehensive analysis, InvestingPro offers 13 additional tips that could provide valuable insights for investors considering SAIC's future prospects.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.