Science Applications International Corp (SAIC) shares reached a 52-week high of $129.84 on Wednesday, extending a 28% year-to-date gain and a 39% advance over the past six months.
The defense contractor’s stock last traded at $127.13, down 0.15% or 0.12% on Tuesday, according to market data. Stifel upgraded its rating to buy from hold and raised its price target to $137 from $120, citing the company’s first-quarter fiscal 2027 performance and valuation metrics.
SAIC reported earnings per share of $3.23 for the quarter, exceeding the market consensus of $2.28, while revenue totaled $1.91 billion, above the estimated $1.82 billion. Organic revenue growth was 0.5%, with overall revenue up 1.5% year-over-year. The company, valued at approximately $5.5 billion, maintains a price-to-earnings ratio of 14.55 and a PEG ratio of 0.54, indicating perceived undervaluation.
InvestingPro highlighted SAIC’s recent momentum, noting the stock’s 52-week high and flagging 10 additional proprietary insights, including management actions, earnings revisions, and fair-value analyses. The platform also pointed to historical AI-driven picks such as Siemens Energy, which gained 231.5%, and Sandisk, up 189%, as precedents for its methodology.
Stifel’s upgrade follows a broader trend of analyst optimism around defense contractors, with SAIC’s stock closing within 2% of its annual peak despite a modest pullback on the day.
