SAIC Price Prediction Next Week
Analysis and Insights
News Impact on SAIC:
The recent cancellation of over $580 million in contracts by the Pentagon, as announced by Secretary of Defense Pete Hegseth, has had a direct impact on SAIC and other government contractors. This move is part of the Department of Government Efficiency (DOGE) initiative, which aims to reduce federal expenses and workforce size. SAIC, being a key player in the government contracting sector, is expected to face significant financial pressures, with potential reductions in contracts leading to earnings declines.
Additionally, SAIC reported better-than-expected fourth-quarter earnings, with a 6% year-over-year increase in sales to $1.84 billion, beating analyst estimates. Adjusted EPS of $2.57 also surpassed expectations, leading to a 7.1% increase in stock price.
Technical Analysis:
SAIC's stock is currently trading at $106.95, with a 14-day RSI of 49.28, indicating a neutral position. The MACD is slightly bullish at 0.91, suggesting mild upward momentum. Fibonacci resistance levels are at $117.23 and $121.47, while support levels are at $103.54 and $99.30.
Fibonacci Levels:
| Level | Price |
|---|---|
| Fibonacci R1 | $117.23 |
| Fibonacci R2 | $121.47 |
| Fibonacci S1 | $103.54 |
| Fibonacci S2 | $99.30 |
| Fibonacci Pivot | $110.38 |
Conclusion:
Based on the analysis, SAIC's stock is expected to face headwinds due to government contract cancellations but may see short-term gains from its positive earnings report. The stock is likely to trade between $103.54 and $117.23, with a potential target price of $112.00 in the next trading week. Given the mixed outlook, it may be prudent to consider selling at resistance levels.
Prediction: The stock price of SAIC is expected to be around $112.00 in the next trading week. Sell near the resistance level of $117.23.
SAIC Similar Chart Price Prediction
The price of SAIC is predicted to go up 7.3%, based on the high correlation periods with TPIC. The similarity of these two price pattern on the periods is 91.9%.
SAIC
TPIC
Up: 7.3%Similarity: 91.9%
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SAIC Analyst's Forecast
Tobey Sommer
Truist Securities
Hold
2025-03-18
Price Target
$135 → $115
Upside
+1.38%
Truist analyst Tobey Sommer lowered the firm's price target on SAIC to $115 from $135 and keeps a Hold rating on the shares after its Q4 results. The company raised FY26/27 financial targets but maintained its organic growth rate outlook, and the firm wants to see SAIC to demonstrate progress on the business development improvement effort and achieve the 1.2 book to bill target in the first half of Fy26 before becoming more constructive, the analyst tells investors in a research note.
Matthew Akers
Wells Fargo
Buy
2025-03-18
Price Target
$139 → $148
Upside
+30.47%
Gautam Khanna
TD Cowen
Strong Buy → Hold
2025-01-08
Price Target
$155 → $120
Upside
+5.49%
