Cycurion shares surge 12.94% premarket after Litchfield initiates Buy rating with $7 target, citing $80M backlog and valuation discount.

Cycurion surged 12.94% in premarket trading following Litchfield Hills Research's initiation of coverage with a Buy rating and a $7.00 price target. The analyst highlighted the company's $80 million contracted backlog—four times its 2024 revenue—as a catalyst for 2026 revenue growth and noted its undervaluation, with a 2.9x 2026 revenue multiple versus 9.0x for peers. The report emphasized Cycurion's pivot to higher-margin cybersecurity solutions and its acquisition-driven growth strategy, positioning the stock as a potential bargain despite its 78.2% six-month decline. The move reflects investor optimism over the firm's backlog conversion and valuation gap.