Bowman Consulting Group

BWMN · NASDAQ

$42.79+$0.00 (+0.00%)TodayMarket closed · Oct 20, 7:30 PM ET

Prev close $42.79

BWMN analyst rating

HoldConsensus of 4 analysts over the last 12 months. 50% rate it a buy.

Strong buy0
Buy2
Hold1
Underperform1
Sell0

12-month price target · 9 analysts

Average $43.35 (+1.3% upside)

Low: $40.40
Now: $42.79
High: $45.15

Upgrades and downgrades

The latest rating actions, newest first

BWMN analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
JP Morgan	Aug 21, 2026	Downgrade	Neutral → Underweight	$40.00 → $43.00	27%
Craig-Hallum	Aug 11, 2026	Downgrade	Buy → Hold	$43.00	43%
JP Morgan	May 8, 2026	Maintains	Neutral	$38.00 → $40.00	27%
Baird	Mar 6, 2026	Maintains	Outperform	$43.00 → $37.00	66%
JP Morgan	Jan 9, 2026	Initiates	Neutral	$40.00	27%
Roth Capital	Dec 9, 2025	Maintains	Buy	$45.00 → $50.00	62%

The case for and against

Updated Nov 27, 2024

Bull case

Bowman Consulting Group Ltd is anticipated to achieve a 12.6% increase in net service billing, reaching $432.7 million by 2025, while adjusted EBITDA is projected to rise by 17% to $74.3 million. The company has demonstrated robust growth in its gross backlog, which increased 26% year-over-year to $306 million, with significant contributions from the building infrastructure and power & utilities segments that saw increases of 35% and 60%, respectively. Acquisitions have played a crucial role in this growth strategy, contributing over $30 million in run-rate revenue, along with strong organic growth driven by new client additions, particularly within the power and energy sectors.

Bear case

The financial outlook for Bowman Consulting Group is concerning due to decreased productivity observed in 4Q23, which was exacerbated by several holidays and recent acquisitions, potentially leading to diminished revenue and profits if economic conditions worsen. Additionally, the company faces the risk of heightened leverage ratios that could breach lending covenants, particularly in the event of a significant economic contraction and a slowdown in engineering design services. Lastly, a decline in the residential housing market poses a direct threat to the company's land planning and design services, further compounding risks to its operational results.

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