Booz Allen Hamilton HoldingNYSE: BAH

Decades of delivering mission-critical solutions have cemented BAH's reputation as a reliable contractor.

Booz Allen Hamilton sees growth potential in its space investments, but investors don't seem to like the idea.

MCLEAN, Va.--(BUSINESS WIRE)--Booz Allen Hamilton (NYSE: BAH) today announced that its corporate venture capital arm, Booz Allen Ventures, LLC, has made a strategic investment in Starfish Space, an emerging leader in satellite servicing, inclusive of satellite life extension and end-of-life disposal. This investment aims to strengthen the resilience and sustainability of space infrastructure through innovative offerings for both government and commercial mission sets. This is the third space-fo.

I reiterate a 'Strong Buy' rating on Booz Allen Hamilton, with a fair value of $220 per share, due to strong financial results and growth prospects. Booz Allen Hamilton achieved 18% revenue growth and 27.3% adjusted operating income growth, driven by double-digit growth in both federal defense and civil markets. The company anticipates significant growth in its cybersecurity business, expecting it to represent over 28% of total revenue in the near future.

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Booz Allen (BAH) possesses solid growth attributes, which could help it handily outperform the market.

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Investors interested in Consulting Services stocks are likely familiar with Booz Allen Hamilton (BAH) and Gartner (IT). But which of these two companies is the best option for those looking for undervalued stocks?

Booz Allen (BAH) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.