Science Applications International Corp’s shares reached a 52-week high of $129.84 on Thursday, extending a multi-month rally in the defense contractor’s stock.
Stifel raised its price target for SAIC to $137 from $120 while keeping a Buy rating, citing the company’s strong operational execution and sustained revenue growth. The stock closed at $128.96 on Aug. 27, up 1.08% on the day, and traded at $129.30 in after-hours activity, a gain of 0.26%.
SAIC has gained 28% year-to-date and 39% over the past six months, outperforming broader market benchmarks. The company reported first-quarter fiscal 2027 earnings per share of $3.23, exceeding the $2.28 forecast, alongside revenue of $1.91 billion against an expected $1.82 billion. Organic revenue growth was 0.5%, with total revenue up 1.5% year-over-year.
The defense contractor’s valuation metrics include a price-to-earnings ratio of 14.55 and a PEG ratio of 0.54. Stifel’s upgrade follows a period of steady share-price appreciation, positioning SAIC among the top performers in its sector.
