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BAH · Analysis updated Nov 10, 2026, 6:00 PM ET
Why is Booz Allen Hamilton Holding Corporation (BAH) stock moving?
BAH closed at $87.42 on Nov 10, up about 11% from $78.57 on Oct 22. The move followed the Oct 23 release of fiscal 2026 results, with the stock gapping up from $78.32 to $83.36 on Oct 26 and then to $88.49 on Oct 30 on 3.87M shares, the highest volume in the window, around the fiscal 2027 guidance raise to $6.50–$6.70 adjusted EPS. The stock peaked at $91.34 on Nov 5 and has since pulled back to the mid-$80s to high-$80s, with VWAP near $87.35 on Nov 10, so the price is holding near the upper end of its recent range. Citigroup kept a Neutral/Hold rating but raised its target to $94 from $88, implying roughly 7% upside from the current price, which signals a cautious rather than bullish view from a major broker. The guidance raise is the most concrete positive, but the news flow is thin: the Tech100 award is minor, the 8-K text is truncated, and the 10-Q content is not available. Government services exposure and budget timing remain unaddressed in the available items.
News behind the analysis
- Citigroup Maintains Neutral on Booz Allen Hamilton, Raises Price Target to $94Citigroup kept its Neutral rating on Booz Allen Hamilton and raised its price target to $94 from $88.
- Citi Analyst Adjusts Price Target for Booz Allen HamiltonCiti analyst John Godyn maintained a Hold rating and lifted the price target from $88 to $94.
- Booz Allen Hamilton Executive Recognized in 2026 Tech100 AwardsBrad Medairy of Booz Allen Hamilton was named a Tech Executive Honoree in the 2026 Tech100 Awards.
- Booz Allen Hamilton Raises Fiscal 2027 Earnings GuidanceBooz Allen raised its fiscal 2027 adjusted EPS guidance to $6.50–$6.70 from $6.00–$6.35 after a strong second quarter.
- Form 8-K: Results of Operations for Fiscal Year Ended September 30, 2026Booz Allen filed an 8-K furnishing its press release on fiscal 2026 full-year results (Exhibit 99.1). The filing text available here is truncated, so the reported figures are not included.
About Booz Allen Hamilton Holding Corporation
Booz Allen Hamilton is a McLean, Virginia-based consulting and technology contractor that works mostly for the US government on defense, intelligence and civil agency missions. It is known for its depth in cybersecurity, AI and analytics for national security clients, and it had about $11.2 billion in revenue in fiscal 2026 (year ended March 2026) with roughly 31,500 employees.
How it makes money
Almost all revenue comes from US government contracts, which pay for consulting, engineering, software development, cyber defense, data and AI work. Defense and intelligence (national security) clients make up the largest share, and civil agencies make up most of the rest. A small commercial and international business adds a little more. Contracts are a mix of cost-reimbursable, time-and-materials and fixed-price deals. The company also pays a quarterly dividend (about $0.59 per share recently) and buys back shares.
What usually moves BAH
- US federal budget and defense spending levels
- Government shutdowns and civil agency cost-cutting
- Contract awards, backlog (about $38 billion) and book-to-bill
- Demand for cyber and AI work in national security
- Quarterly guidance and profit margins