There's escalating interest in Leidos Holdings as evidenced by an increase in positions from investors like Dimensional Fund Advisors LP and Principal Financial Group Inc. The stock is consistently being rated as a Moderate Buy by analysts, a belief underscored by its recent performance. Q1 Earnings of Leidos saw the company surpassing analyst revenue forecasts, an achievement that spiraled its valuation to a new one-year high of $148.16. The earnings results prompted Stifel Financial Corp to maintain their 'Buy' recommendation, and saw its price target being increased by 7.40% to $137.08.
Leidos also demonstrated secure financial numbers by reconciling challenges and promoting substantial revenue growth. Additinally, Los Angeles Capital Management LLC and International Assets Investment Management LLC made new investments in the company. Leidos has also scored major contracts like the $631M DIABLO program with the U.S. Army and a contract to support ARPA-H. Nevertheless, the stock has continuously underperformed the market and there has been insider selling, both of which pose some concern.
Leidos Holdings LDOS News Analytics from Tue, 31 Oct 2023 07:00:00 GMT to Thu, 16 May 2024 19:24:29 GMT - Rating 5 - Innovation 2 - Information 6 - Rumor 3
