Amentum Holdings (AMTM) Soars 1.11% on Revenue Growth

Amentum Holdings (AMTM) shares surged 1.11% today, marking the fourth consecutive day of gains, with a cumulative increase of 19.00% over the past four days. The stock price reached its highest level since February 2025, with an intraday gain of 1.89%.

Amentum Holdings has seen significant stock price fluctuations recently. The stock price has declined by 34.1% over the past six months, from October 2024 to April 2025. Analysts have mixed opinions on the stock, with a consensus rating of Hold and an average price target of $23.50, suggesting an 18.4% upside. Institutional holdings have also seen changes, with Alpine Global Management LLC acquiring a new position in the fourth quarter, while JPMorgan Chase & Co. significantly reduced its holdings by 58% during the same period.

Despite the recent volatility, Amentum Holdings reported a revenue increase of 6.65% in 2024 compared to the previous year, reaching $8.39 billion. This revenue growth indicates the company's resilience and potential for future growth, which may have contributed to the recent stock price gains. The company's strong financial performance and strategic investments have likely attracted investor interest, leading to the recent upward trend in the stock price.