Goldman Downgrades Booz Allen Hamilton To 'Sell' Amid DOGE Contract Cancellations

Management consulting firm Booz Allen quietly evolved into a government-wide contracting behemoth over the past few decades. By 2024, an astounding 98% of its revenue came directly from government agencies.

Now, enter the DOGE era: Goldman analysts have downgraded Booz Allen from "Neutral" to "Sell," noting medium-term revenue growth is expected to be flat as federal civilian spending comes under pressure and priorities shift within various federal agencies.