Leidos Holdings (LDOS) has been in the spotlight, with a flurry of positive financial activities and prospects. The firm experienced an impressive surge in Q2 revenue by 8% and raised its annual outlook. This performance led to an increase in the company's price target from multiple institutions, with the highest being set at $175.00. The company also outperformed earnings expectations, which prompted analysts to update their future projections positively. Leidos was given a consensus rating of 'Moderate Buy' by brokerages. The firm's shares have seen notable returns of 97% over the past five years.
Investment in Leidos also ramped up, with
Price T Rowe Associates, for example, purchasing over 300,000 shares, signifying trust in this firm's potential. Some institutions, like the
Comerica Bank, Plato, and Dynasty Wealth Management are already securing their positions. Looking forward to Q3 2024,
William Blair weighed in on Leidos' potential Earnings. Despite some controversies, like leaked documents from Leidos (Pentagon IT services provider), the firm's innovative pursuits remain robust, appointing Ron Keesing as Chief AI Officer, and securing a $738M deal for Cybersecurity support, fostering a bullish market sentiment.
Leidos Holdings LDOS News Analytics from Fri, 09 Feb 2024 04:06:25 GMT to Sun, 04 Aug 2024 13:48:22 GMT -
Rating 8
- Innovation 7
- Information 9
- Rumor 5
