QinetiQ Eyes U.S. Expansion Amid Higher Defense Budgets
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 14 2024
0mins
Source: WSJ
QinetiQ's U.S. Expansion Plans: The defense company QinetiQ is planning to expand its operations in the U.S. due to increased defense spending in the country.
Financial Performance: QinetiQ reported a 7% increase in revenue, reaching 946.8 million pounds ($1.20 billion) for the six months ending September 30, surpassing expectations.
Analyst Views on BAB
Wall Street analysts forecast BAB stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for BAB is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Analyst Rating
0 Buy
0 Hold
0 Sell
Current: 27.160
Low
Averages
High
Current: 27.160
Low
Averages
High
No data
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
