Bowman Consulting jumps after quarterly results beat
ReutersMar 12, 2025 7:21 PM
Shares of Bowman Consulting Group BWMN.O jump as much as 23.9%; last up 16% at $21.81 in afternoon trade
Professional services firm, late Tuesday, reported Q4 profit above Wall Street expectations
CEO Gary Bowman says firm saw strong bookings in the second half of 2024, with the momentum extending into 2025
BofA Global Research reiterates "buy" rating, adding that it continues to view the firm as well positioned to drive growth via M&A
Adds that it expects BWMN shares to climb longer term, as the construction market picks up
All five brokerages covering the stock rate it "buy" or higher, with a median PT of $34, according to data compiled by LSEG
BWMN stock down 12% YTD
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