15 AI Stocks That Skyrocketed in Q4

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6. BigBear.ai Holdings, Inc. (NYSE:BBAI)

Number of Hedge Fund Holders: 7

Stock Price Performance in Q4 2024: ~205%

BigBear.ai Holdings, Inc. (NYSE:BBAI) is a Maryland-based company that provides AI-powered decision intelligence solutions, focusing on national security, supply chain management, and digital identity and biometrics. Its services include data ingestion, enrichment, processing, machine learning, predictive analytics, and visualization. The company serves sectors such as defense, intelligence, border protection, security, manufacturing, logistics, and tourism.

BigBear.ai (NYSE:BBAI) stock gained significantly in Q4 due to several reasons. The company secured multiple milestones including a five-year, $165.15 million sole-source contract with the U.S. Army for Global Force Information Management Production Services. It was also awarded a position on the U.S. General Services Administration’s OASIS+ Unrestricted Multiple Agency Contract, a government-wide suite designed to simplify procurement of professional services.

BigBear.ai (NYSE:BBAI) also received multiple positive analyst ratings. In November, Cantor Fitzgerald maintained a Buy rating on the stock with a $3.50 price target, despite the company missing revenue estimates. Later in December, analyst Scott Buck from H.C. Wainwright reiterated a Buy rating with a $7 price target.

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