Science Applications International Corporation (NASDAQ:SAIC) is a prominent player in the technology and engineering sector, providing services primarily to the U.S. government. The company is known for its expertise in IT modernization, cloud services, and cybersecurity. SAIC competes with other major defense contractors like Leidos and Booz Allen Hamilton.
On September 6, 2025, Noah Poponak from Goldman Sachs set a price target of $91 for SAIC. At that time, SAIC's stock was trading at $104.93, indicating a potential downside of approximately -13.28% from the target. This price target came amidst mixed financial results for the second quarter, where SAIC reported a 3% decline in quarterly sales year-on-year, totaling $1.77 billion, which was below the analyst consensus estimate of $1.86 billion.
Despite the sales decline, SAIC's adjusted earnings per share (EPS) of $3.63 exceeded the analyst consensus estimate of $2.24. This positive EPS performance led the company to adjust its annual EPS outlook to $9.40-$9.60, up from the prior range of $9.10-$9.30, surpassing the analyst consensus estimate of $9.17. However, the company revised its 2026 revenue outlook to a range of $7.25 billion to $7.325 billion, down from the previous forecast of $7.60 billion to $7.75 billion, and below the analyst consensus estimate of $7.65 billion.
Following these announcements, SAIC shares fell 1.7%, trading at $104.41 on Friday. The current stock price of SAIC is $101.86, reflecting a decrease of approximately 2.93%. The stock has dropped by $3.07 today, with fluctuations between a low of $101.52 and a high of $103.86 during the trading day. Over the past year, SAIC's stock has reached a high of $156.34 and a low of $94.68, with a market capitalization of approximately $4.69 billion.
