Science Applications International Corporation (NASDAQ: SAIC) Price Target Raised: Strong Q2 Earnings and Future Outlook

• An analyst from Stifel Nicolaus raised the price target for Science Applications International Corporation, signaling confidence in its future performance.
• The company significantly surpassed analyst estimates for both earnings per share and revenue in its recent second-quarter results.
• Science Applications International Corporation increased its financial guidance for fiscal year 2027, projecting higher adjusted earnings and revenue.

Science Applications International Corporation (NASDAQ: SAIC) is a leading technology and engineering firm that provides essential IT services, primarily to the U.S. government. The company operates in the Computers - IT Services industry, offering advanced solutions in areas like cloud computing, cybersecurity, and software development for various federal, state, and local agencies.

Following strong company performance, Jonathan Siegmann from Stifel Nicolaus raised the price target for Science Applications International Corporation to $154.00 on September 1, 2026. At the time, the stock was priced at $128.22. This new target represents a potential upside of approximately 20.11% for the company's shares.

This analyst upgrade is supported by Science Applications International Corporation's recent second-quarter results. As highlighted by Zacks, Science Applications International Corporation reported earnings of $3.01 per share, beating analyst estimates of $2.25 by over 33%. The company also posted revenues of $1.88 billion, which exceeded expectations by 7.52% and grew 6.3% from the prior year.

Looking ahead, Science Applications International Corporation increased its financial guidance for the full fiscal year 2027. The company now expects its adjusted earnings per share to be in the range of $10.65 to $10.75. It also raised its revenue forecast to between $7.20 billion and $7.30 billion, signaling confidence in its operational momentum.

The company's financial health is also reflected in its cash generation. Science Applications International Corporation produced $131.00 million in free cash flow during the quarter. Free cash flow is the cash a company generates from its operations after paying for large purchases like equipment, indicating its ability to fund growth and return value to shareholders.