Why Cantor Fitzgerald Stayed Neutral on BigBear.ai (BBAI) After a Messy Quarter

BigBear.ai Holdings, Inc. (NYSE:BBAI) is 1 of the worst-performing agentic AI stocks truthful acold successful 2026.

As of the April 2, 2026 close, the banal was down 38.8% twelvemonth to date, falling to $3.58 from $5.85 connected January 2, 2026.

Cantor Fitzgerald added to the unit connected March 3, 1 time aft BigBear.ai released fourth-quarter and full-year 2025 results. The steadfast maintained a Neutral standing but chopped its terms people to $5 from $6. According to the expert enactment summary, Cantor’s Jonathan Ruykhaver said the institution delivered a “solid” 4th fourth contempt a 37.7% year-over-year gross decline, which helium tied mostly to national programme disruptions connected prime Army contracts and shutdown-related headwinds.

Cantor besides pointed to 2026 guidance that implies astir 17% maturation astatine the midpoint and includes an estimated $25 cardinal gross publication from the Ask Sage acquisition.

That discourse matters due to the fact that BigBear.ai’s March 2 merchandise was messy beneath the surface. Fourth-quarter gross fell 38% to $27.3 million, gross borderline dropped to 20.3% from 37.4%, and adjusted EBITDA swung to a nonaccomplishment of $10.3 cardinal from affirmative $2.0 cardinal a twelvemonth earlier. Management said the gross driblet was chiefly owed to little measurement connected Army programs.

BigBear.ai Holdings, Inc. (NYSE:BBAI) provides AI-driven determination intelligence, analytics, and workflow tools for authorities and commercialized customers, with a peculiar absorption connected defense, nationalist security, travel, trade, and supply-chain uses.

While we admit the imaginable of BBAI arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you're looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.

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