Shares of BigBear.ai Holdings Inc (NYSE:BBAI) are continuing their volatile surge Thursday, propelled by a potent mix of new defense contracts, a favorable analyst rating and market pressure from high short interest.
What To Know: The artificial intelligence firm this week announced its successful use of its VANE platform in Project Convergence – Capstone 5, a multinational defense experiment that showcased the technology’s ability to give forces situational awareness. Following this, HC Wainwright & Co. reiterated a Buy rating on the stock and raised its price target from $6 to $9.
