Booz Allen Hamilton rated Buy with $105 target, seen as undervalued despite recent revenue drop.

Booz Allen Hamilton Holding Corporation is rated a Buy with a $105 per share price target, indicating it is materially undervalued after a recent significant correction. The company reported a 10.2% revenue decline and weak operating leverage, but it maintains strong cash flow, a growing backlog, and a well-covered dividend. Despite near-term challenges and negative growth guidance, Booz Allen's exposure to high-margin national security contracts and robust balance sheet support its long-term growth potential. At a normalized price-to-earnings ratio of 13.2x and conservative recovery assumptions, the stock offers an estimated 17.5% annualized return, with the current market reaction presenting an attractive entry point for investors.