Truist raised the firm’s price target on CACI (CACI) to $650 from $520 and keeps a Buy rating on the shares. The firm is citing upside Q1 results and increased FY25 guidance while noting that CACI management expects strong demand and profitability to continue through FY25, the analyst tells investors in a research note. Truist adds that there could be additional upside to the guide due to continued bookings momentum in the quarter and the expected closing of Azure Summit in Q2 of 2025.
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Read More on CACI:
- CACI price target raised to $570 from $545 at TD Cowen
- CACI price target raised to $640 from $533 at Baird
- CACI reports Q1 adjusted EPS $5.93, consensus $5.07
- CACI raises FY25 adjusted EPS view to $22.89-$23.78 from $22.44-$23.33
- CACI awarded $805M task order for engineering support for U.S. NavalX Office