CACI price target raised to $490 from $475 at Raymond James

Raymond James analyst Brian Gesuale raised the firm’s price target on CACI (CACI) to $490 from $475 and keeps an Outperform rating on the shares. CACI’s quarterly results handily surpassed consensus estimates, driven by positive topline and margin variance, and management increased its outlook for fiscal 2025 on the heels of broad-based organic growth, the analyst tells investors in a research note. The company’s fundamentals are trending above historical averages while management confidence and visibility in the business is “exceptional” given the raised guidance despite steady noise around DOGE, Raymond James says. The firm likes the details provided on DOGE objectives and the role that CACI is already playing in the transformation.