The Goldman Sachs Group Forecasts Strong Price Appreciation for Science Applications International (NASDAQ:SAIC) Stock

Key Points

• Goldman Sachs raised its SAIC price target from $93 to $103 but maintained a “sell” rating, implying 18.22% downside from the stock’s $125.94 price.
• Analyst sentiment is mixed: SAIC has an overall “hold” rating and an average price target of $125.22, while other firms set targets ranging from $110 to $132.
• SAIC beat quarterly expectations, reporting $3.01 in EPS versus $2.31 expected and $1.88 billion in revenue, up 6.3% year over year; institutional investors own 76% of the stock.

Science Applications International (NASDAQ:SAIC - Get Free Report) had its price objective increased by investment analysts at The Goldman Sachs Group from $93.00 to $103.00 in a report issued on Tuesday, Benzinga reports. The firm presently has a "sell" rating on the stock. The Goldman Sachs Group's price target points to a potential downside of 18.22% from the stock's current price.

Other equities research analysts also recently issued research reports about the stock. Citigroup raised their price target on shares of Science Applications International from $120.00 to $132.00 and gave the company a "buy" rating in a research report on Tuesday, June 2nd. Truist Financial upped their price objective on Science Applications International from $110.00 to $130.00 and gave the company a "hold" rating in a research report on Tuesday, September 1st. Wall Street Zen upgraded Science Applications International from a "buy" rating to a "strong-buy" rating in a research note on Sunday, August 30th. JPMorgan Chase & Co. lifted their target price on Science Applications International from $110.00 to $125.00 and gave the stock a "neutral" rating in a report on Tuesday, June 2nd. Finally, Weiss Ratings upgraded Science Applications International from a "hold (c)" rating to a "hold (c+)" rating in a research note on Monday, August 24th. Two analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Science Applications International has an average rating of "Hold" and an average price target of $125.22.

Science Applications International Stock Down 0.6%

SAIC stock traded down $0.81 on Tuesday, reaching $125.94. 23,017 shares of the company traded hands, compared to its average volume of 577,002. Science Applications International has a one year low of $81.08 and a one year high of $142.66. The company has a debt-to-equity ratio of 1.71, a current ratio of 1.20 and a quick ratio of 1.20. The firm has a fifty day simple moving average of $120.38 and a 200-day simple moving average of $106.24. The company has a market cap of $5.28 billion, a P/E ratio of 14.76 and a beta of 0.30.

Science Applications International (NASDAQ:SAIC - Get Free Report) last released its quarterly earnings data on Monday, August 31st. The company reported $3.01 earnings per share for the quarter, beating analysts' consensus estimates of $2.31 by $0.70. The business had revenue of $1.88 billion during the quarter, compared to analyst estimates of $1.76 billion. Science Applications International had a net margin of 5.13% and a return on equity of 34.68%. Science Applications International's revenue was up 6.3% compared to the same quarter last year. During the same period last year, the business earned $3.63 EPS. Research analysts anticipate that Science Applications International will post 10.73 earnings per share for the current year.

Institutional Investors Weigh In On Science Applications International

A number of large investors have recently made changes to their positions in the company. Los Angeles Capital Management LLC purchased a new position in shares of Science Applications International in the fourth quarter worth approximately $25,000. Transamerica Financial Advisors LLC increased its holdings in Science Applications International by 477.8% during the fourth quarter. Transamerica Financial Advisors LLC now owns 260 shares of the company's stock valued at $26,000 after buying an additional 215 shares during the last quarter. Rakuten Securities Inc. raised its position in Science Applications International by 1,915.4% in the second quarter. Rakuten Securities Inc. now owns 262 shares of the company's stock worth $30,000 after acquiring an additional 249 shares during the period. Wexford Capital LP bought a new position in Science Applications International in the third quarter worth approximately $29,000. Finally, Global Retirement Partners LLC purchased a new position in shares of Science Applications International during the 4th quarter worth $35,000. 76.00% of the stock is currently owned by institutional investors.

Science Applications International Company Profile

Science Applications International Corp. (SAIC) is a leading provider of technical, engineering, and enterprise IT services to the U.S. government, including the Department of Defense, the intelligence community, and civilian agencies. The company's core offerings encompass systems engineering and integration, mission support, cybersecurity, data analytics, and cloud solutions. SAIC's work spans the full program lifecycle, from research and development to deployment and sustainment, addressing complex defense, space, and national security challenges.

Founded in 1969 by J.

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