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LGN

LegenceD
Nasdaq / Capital Goods
Last Price
Quote time unavailable
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Current thesis
Q2 revenue rose 111% year over year, or 60% excluding Bowers, and backlog and awarded contracts rose 105%. Management raised full-year revenue guidance to $4.7–$4.8 billion and adjusted EBITDA guidance to $565–$585 million.
Posture
Defensive
Lead driver
Value
What changed
3 setup hits (3d) with net bearish as of 2026-10-24.
What can break
Backlog conversion, project execution, and dependence on data-center and technology spending remain material uncertainties.
Momentum
6
Value
55
Sentiment
52
Setup hits (3d)
3 · Net Bearish
AI TargetsBase $36.00 · Bull $47.00 · Bear $25.00Analysis 2026-10-23; returns require an exact persisted reference.
Data freshness
Prices
Unavailable: Price unavailable
Fundamentals
As of 2026-10-23 • Vendor: Data Vendor v1
Scores
As of 2026-10-23 • Model: HYBRID_IC_RP
AI Memo
As of 2026-10-23 • Model: RankAlpha Sentiment Codex
Investment thesis
As of 2026-10-23

Grade is the composite factor band; factor scores use a 0–100 scale. Confidence describes evidence quality, not a probability of return. Score date: 2026-10-23. Definitions

Supporting evidence
What
Grade D · Defensive
Confidence Medium · Net Bearish
Target $95.82
Why
Momentum6 · Δ7d -12.3
Value55 · Δ7d +2.0
Sentiment52 · Δ7d -15.2
So what
Weak posture (Net Bearish). Prioritize risk control and patience.

Confirming evidence

  • • 3 setup hits (3d) with net bearish as of 2026-10-24.
  • • Value remains the lead driver in the composite, 7D delta +2.0.

Contradictions & invalidation

  • • Backlog conversion, project execution, and dependence on data-center and technology spending remain material uncertainties.
  • • Bowers contributed approximately $303.8 million of Q2 revenue, making reported growth substantially acquisition-driven. [#SEC-8K-2026-08-13]
  • • The Q2 gross-margin decline and acquisition contribution complicate the growth story.

Catalyst clock

2026-12-31

Third-quarter guidance delivery

Lead driver: Value · See fundamentals
Momentum
6
8% active weight
Current posture
7d trendSoftening
Δ7d
-12.3
Δ21d
-22.2
Value
55
47% active weight
Current posture
7d trendImproving
Δ7d
+2.0
Δ21d
+3.6
Sentiment
52
45% active weight
Current posture
7d trendSoftening
Δ7d
-15.2
Δ21d
-1.3
Why this grade

Composite grade D. Momentum 5.8 / Value 54.7 / Sentiment 51.9

Scenario snapshot

Scenario probability is memo-authored likelihood, not forecast certainty. Targets belong to the analysis dated 2026-10-23. Scenario method

B+
Bull case
25%
Probability
Target price
$47.00
Analysis reference price unavailable
Analysis 2026-10-23 · RankAlpha Sentiment Codex
Most likely
B
Base case
40%
Probability
Target price
$36.00
Analysis reference price unavailable
Analysis 2026-10-23 · RankAlpha Sentiment Codex
B-
Bear case
35%
Probability
Target price
$25.00
Analysis reference price unavailable
Analysis 2026-10-23 · RankAlpha Sentiment Codex
Fundamentals (TTM)
As of 2026-10-23
Market Cap
$3.9B
Beta
-
Shares Out
76.9M
P/E (TTM) · Derived
-89.3
P/S (TTM)
-
P/FCF (TTM) · Derived
15.71
Rev YoY
+110.7%
EPS YoY
+306.4%
Gross Margin
+15.4%
Op Margin
+3.0%
Net Debt
$723.99M
Current Ratio
1.34
As of 2026-10-23 • Updated nightlySource: Internal modelMethods & Data