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Investing.com - B.Riley has raised its price target on Bowman Consulting Group Ltd. (NASDAQ:BWMN) to $55.00 from $43.00 while maintaining a Buy rating on the stock. The company has shown impressive performance with a 79% return over the past year and maintains strong gross profit margins of 52.7%. According to InvestingPro data, two analysts have recently revised their earnings expectations upward for the upcoming period.
The firm cited Bowman’s strong national reputation that allows it to qualify for larger, more diverse projects during a period of heightened commercial building and infrastructure activity. B.Riley noted that Bowman’s national organization can expand service offerings and reallocate resources to larger projects to gain more project wallet share.
In the second quarter of 2025, Bowman launched a $25 million BIG Fund to channel free cash flow into innovation initiatives designed to diversify revenue streams, streamline operations, and enhance margins.
The company finished the second quarter with gross backlog of $438.2 million, representing an increase of 24.7% year-over-year and 4.6% sequentially. The book-to-bill ratio was 1.2x.
B.Riley’s decision to raise the price target was based on what it sees as a strong second half of 2025 and solid momentum heading into fiscal year 2026. For deeper insights into Bowman’s financial health and growth prospects, including 18 additional ProTips and comprehensive valuation metrics, visit InvestingPro.
In other recent news, Bowman Consulting Group Ltd. reported impressive financial results for Q2 2025, surpassing analyst expectations. The company achieved an earnings per share of $0.55, significantly higher than the forecasted $0.23, alongside a revenue of $122.1 million, which exceeded predictions by 14.83%. DA Davidson has raised its price target for Bowman to $43.00, maintaining a Buy rating, citing strong margin execution and robust organic revenue growth. Texas Capital Securities also initiated coverage on Bowman with a Buy rating and a price target of $59.00, highlighting its potential for annual earnings growth driven by infrastructure trends.
Additionally, Bowman has secured a $4.5 million contract with the DuPage Water Commission to provide engineering services for a section of the WaterLink Pipeline Project, a major infrastructure initiative in Illinois. In another development, Bowman was awarded a contract by the Illinois Department of Transportation to provide preliminary engineering services for improvements to US 30 in Morrison, Illinois. These projects reflect Bowman’s expanding role in significant infrastructure developments.
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