BigBear.ai Holdings (BBAI) saw its shares soar 5.12% in pre-market trading, building on the momentum from Tuesday's trading session. The artificial intelligence company's stock price surge comes on the heels of impressive third-quarter results and the announcement of a strategic acquisition, showcasing the company's growth potential in the competitive AI sector.

The company's third-quarter performance exceeded Wall Street expectations, demonstrating BigBear.ai's ability to capitalize on the increasing demand for AI solutions. In a move that has excited investors and analysts alike, BigBear.ai revealed plans to acquire Ask Sage, a generative AI platform serving defense and other regulated markets. This acquisition is viewed as a potential game-changer for the company's future growth trajectory.

Adding to the positive sentiment, H.C. Wainwright & Co. analyst Scott Buck reiterated a Buy rating on BigBear.ai with an $8 price target. Buck cited the Ask Sage deal as a major catalyst for 2026, expecting it to enhance BigBear.ai's margins and contribute significantly to its annual recurring revenue once integrated. The company's strong positioning in government contracts and AI solutions continues to attract investor attention, driving the stock's upward momentum in the pre-market session.