Complete List of All AI Companies Under $2 Billion Market Cap

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

Market Capitalization: $952.23 Million

Number of Hedge Fund Holders: 7

BigBear.ai Holdings, Inc. (NYSE:BBAI) provides AI-driven decision intelligence solutions for national security, supply chain management, and digital identity. Its offerings include software and services that improve decision-making in complex, mission-critical environments. The company acquired Pangiam in 2024, expanding its vision AI capabilities in biometrics and anomaly detection.

BigBear.ai’s (NYSE:BBAI) solutions address national security, supply chain management, and digital identity markets, incorporating tools like predictive analytics, digital twins, and facial recognition technology. The company supports public and private sector clients, including defense and intelligence agencies, focusing on operational readiness, data integration, and digital security. According to the company’s last 10-K filings posted in March 2024, the total addressable market for the company’s products/offerings is projected to grow from $80 billion in 2024 to $272 billion by 2028.

As reported by TipRanks on December 30, 2024, Scott Buck from H.C. Wainwright maintained a Buy rating on BigBear.ai (NYSE:BBAI) with a $7.00 price target, attributing the company’s strong growth prospects and financial stability to several factors. BigBear.ai’s market outperformance, driven by rising demand for its AI services and involvement in key contracts like OASIS+, contributed to Buck’s positive outlook. The company’s successful extension of convertible notes has alleviated near-term concerns, positioning it well in a favorable environment for small-cap growth companies. Despite a revenue miss in Q3 2024, BigBear.ai has upheld its revenue guidance, prompting Buck to boost the price target, reflecting confidence in its growth trajectory.

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