Why These 24 Stocks Are Skyrocketing

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

Q4 Returns as of December 31, 2024: 205%

BigBear.ai Inc (BBAI), the IT service management company, returned almost 205% in the fourth quarter of 2024, with its share price growing from $1.46 apiece on September 30 to $4.45 on December 31, 2024.

The surge in BBAI’s stock price underscores investor optimism about the company’s growth potential in developing AI-backed decision-making solutions for the defense and national security industries.

The emerging leader in AI-backed decision solutions was recently awarded a contract worth a staggering $165 million to deliver the US Army’s Global Force Information Management system: Objective Environment (GFIM-OE). In addition to that, BBAI also saw a 22.1% year-over-year increase in revenue in the third quarter of 2024.

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