10 AI News That Broke The Internet

7. Booz Allen Hamilton Holding Corporation (NYSE:BAH)

Number of Hedge Fund Holders: 32

Booz Allen Hamilton Holding Corporation (NYSE:BAH) is a military-defense-focused company offering artificial intelligence (AI) services to the US government. On December 7, Bank of America highlighted a couple of buy-rated stocks, stating that they are a “must-own” heading into the final weeks of 2024. One of these stocks is Booz Allen Hamilton Holding Corporation (NYSE:BAH). Analyst Mariana Perez Mora said in a recent note to clients that investors shouldn’t sleep on the shares of BAH. She acknowledged that investors are cautious about margins after the company’s recent earnings report, but cost controls and hiring have bounced back which should ease these concerns. The company, the analyst highlighted, is at the forefront of AI implementation.

 “In our view, BAH is at the forefront of enabling cyber and AI implementation to meet increasingly complex mission requirements for a variety of government customers,” she wrote. Booz also remains well positioned as a “tech enabled workforce drives growth across defense, Intel, and civil” industries…Given the high-quality work BAH continues to do, we expect to see strong margins continue”.

– Analyst Perez Mora.