Dataconomy
  • News
    • Artificial Intelligence
    • Cybersecurity
    • DeFi & Blockchain
    • Finance
    • Gaming
    • Startups
    • Tech
  • Industry
  • Research
  • Resources
    • Articles
    • Guides
    • Case Studies
    • Glossary
    • Whitepapers
  • Newsletter
  • + More
    • Conversations
    • Events
    • About
      • About
      • Contact
      • Imprint
      • Legal & Privacy
      • Partner With Us
Subscribe
No Result
View All Result
  • AI
  • Tech
  • Cybersecurity
  • Finance
  • DeFi & Blockchain
  • Startups
  • Gaming
Dataconomy
  • News
    • Artificial Intelligence
    • Cybersecurity
    • DeFi & Blockchain
    • Finance
    • Gaming
    • Startups
    • Tech
  • Industry
  • Research
  • Resources
    • Articles
    • Guides
    • Case Studies
    • Glossary
    • Whitepapers
  • Newsletter
  • + More
    • Conversations
    • Events
    • About
      • About
      • Contact
      • Imprint
      • Legal & Privacy
      • Partner With Us
Subscribe
No Result
View All Result
Dataconomy
No Result
View All Result

Can BigBear.ai’s stock balance growth and losses to hit $7?

BigBear.ai develops data mining and analytics tools that integrate multiple data sources for clients in diverse industries, including national security, digital identity, and supply chain management

byKerem Gülen
January 2, 2025
in News, Artificial Intelligence, Finance

BigBear.ai (BBAI -7.48%) stock has experienced significant volatility, marked by a dramatic rise fueled by enthusiasm for artificial intelligence (AI) last March, followed by a sharp decline. However, the stock rebounded with a remarkable 229% increase between the end of September and December 30, 2024.

Investment bank analysts are optimistic about BigBear.ai’s prospects. H.C. Wainwright’s analyst Scott Buck recently raised his price target for the stock to $7 per share, indicating a potential 46% increase from the closing price on December 30, 2024. This optimism is driven by growing demand for AI-related services spanning various sectors.


Where BigBear.ai stock could land over the next decade

Stay Ahead of the Curve!

Don't miss out on the latest insights, trends, and analysis in the world of data, technology, and startups. Subscribe to our newsletter and get exclusive content delivered straight to your inbox.


BigBear.ai stock rebounds but concerns linger over financial health

BigBear.ai develops data mining and analytics tools that integrate multiple data sources for clients in diverse industries, including national security, digital identity, and supply chain management. The company sets itself apart by offering modular services, allowing clients to incorporate smaller components into their existing software infrastructures. Additionally, BigBear.ai utilizes edge networking to minimize latency, enhancing its service offerings.

Recent developments have bolstered BigBear.ai’s position. In October, the newly appointed CEO, Mandy Long, announced a five-year contract worth $165 million with the U.S. Army, a contract substantial in relation to the company’s total revenue of $155 million in 2023. Furthermore, BigBear.ai’s biometric verification solution, veriScan, is now operational at the Denver International Airport’s departure gates.


BigBear.ai climbs 22%: Can McAleenan’s leadership fuel the stock even more?


Despite positive indicators, BigBear.ai faces key challenges. The company has revised its revenue projections downward, now forecasting total revenue for 2024 to range between $165 million and $180 million, a decrease from an earlier estimate of $195 million to $215 million. The midpoint of the new guidance represents only an 11% growth compared to 2022 revenue.

BigBear.ai is experiencing slow growth and has recorded significant financial losses. By the end of September 2024, the company reported just $65.6 million in cash, having burned through $149 million during the first nine months of the year. Its gross profit for the same period stood at $28.8 million, insufficient to cover expenses, with interest costs consuming a considerable portion of its gross profit.

An impairment of an intangible asset generated an $85 million loss, which is nonrecurring. However, even when this loss is accounted for, the company’s financial challenges suggest it may need additional capital by the end of 2025. With considerable debt already, a dilutive secondary offering could be anticipated in the near future.

While BigBear.ai has reported developments that could facilitate a break-even performance in 2025, the company’s financial trajectory over the past two years raises concerns about its ability to achieve sustainable profits.


Disclaimer: The content of this article is for informational purposes only and should not be construed as investment advice. We do not endorse any specific investment strategies or make recommendations regarding the purchase or sale of any securities.

Featured image credit: BigBear.ai

Tags: bigbear.aiStock Market

Related Posts

Z.AI GLM-4.6 boosts context window to 200K tokens

Z.AI GLM-4.6 boosts context window to 200K tokens

October 2, 2025
OpenAI releases Sora 2, iOS app with real-world inserts

OpenAI releases Sora 2, iOS app with real-world inserts

October 2, 2025
Bitrig: SwiftUI apps from voice using Apple Intelligence

Bitrig: SwiftUI apps from voice using Apple Intelligence

October 2, 2025
Bengio warns hyper-AI preservation goals threaten humanity

Bengio warns hyper-AI preservation goals threaten humanity

October 2, 2025
Apple TV 4K to feature A17 Pro chip and Apple Intelligence

Apple TV 4K to feature A17 Pro chip and Apple Intelligence

October 2, 2025
Instagram tests Reels-first home tab in India

Instagram tests Reels-first home tab in India

October 2, 2025

LATEST NEWS

Z.AI GLM-4.6 boosts context window to 200K tokens

OpenAI releases Sora 2, iOS app with real-world inserts

Bitrig: SwiftUI apps from voice using Apple Intelligence

Bengio warns hyper-AI preservation goals threaten humanity

Apple TV 4K to feature A17 Pro chip and Apple Intelligence

Instagram tests Reels-first home tab in India

Dataconomy

COPYRIGHT © DATACONOMY MEDIA GMBH, ALL RIGHTS RESERVED.

  • About
  • Imprint
  • Contact
  • Legal & Privacy

Follow Us

  • News
    • Artificial Intelligence
    • Cybersecurity
    • DeFi & Blockchain
    • Finance
    • Gaming
    • Startups
    • Tech
  • Industry
  • Research
  • Resources
    • Articles
    • Guides
    • Case Studies
    • Glossary
    • Whitepapers
  • Newsletter
  • + More
    • Conversations
    • Events
    • About
      • About
      • Contact
      • Imprint
      • Legal & Privacy
      • Partner With Us
No Result
View All Result
Subscribe

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Policy.