Leidos Holdings Inc. (NYSE:LDOS) is one of the 10 oversold stocks offering high upside.
On May 21, Leidos Holdings Inc. (NYSE:LDOS) stated that it will receive 4 awards under the U.S. Department of State's Evolve contract to ***** ist in modernizing the IT systems utilized by American diplomats across the globe. The initiative's main goals are to upgrade infrastructure and applications, increase the reliability of IT services over a global network of embassies and consulates, and improve cybersecurity.
Den Rise/Shutterstock.com
Cloud and data center services, application development services, network and telecommunications services, and customer and end-user support are the 4 main service categories in which Leidos secured awards. With a 12-month basic term and 6 additional option years, the Evolve program is set up as a multiple-award, indefinite-delivery/indefinite-quantity (IDIQ) contract. The State Department's efforts to modernize its technology will receive long-term ***** istance under the deal, which has a $10 billion cap.
Later in the first week of June, Sheila Kahyaoglu from Jefferies lowered the price target on Leidos Holdings Inc. (NYSE:LDOS) from $185 to $140. The firm also downgraded the stock from Buy to Hold.
On May 21, Leidos Holdings Inc. (NYSE:LDOS) stated that it will receive 4 awards under the U.S. Department of State's Evolve contract to ***** ist in modernizing the IT systems utilized by American diplomats across the globe. The initiative's main goals are to upgrade infrastructure and applications, increase the reliability of IT services over a global network of embassies and consulates, and improve cybersecurity.
Den Rise/Shutterstock.com
Cloud and data center services, application development services, network and telecommunications services, and customer and end-user support are the 4 main service categories in which Leidos secured awards. With a 12-month basic term and 6 additional option years, the Evolve program is set up as a multiple-award, indefinite-delivery/indefinite-quantity (IDIQ) contract. The State Department's efforts to modernize its technology will receive long-term ***** istance under the deal, which has a $10 billion cap.
Later in the first week of June, Sheila Kahyaoglu from Jefferies lowered the price target on Leidos Holdings Inc. (NYSE:LDOS) from $185 to $140. The firm also downgraded the stock from Buy to Hold.
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