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Bullish Flag Setting Up for Strongly Trending IT Consulting Name

by | Dec 31, 2023

Booz Allen (BAH) shares of the mid cap IT consulting name are trending nicely along its rising 55 day MA to close the year and now spent the past month forming a bull flag just under 128 with a close above that zone likely seeing a surge to new highs and a target of 132.50 seems safe with follow through upside possible to 140 longer term into early 2024. BAH expects +13% FY24 revenue growth with an average analyst target at $135.

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