Caci International, the Technology sector company, was revisited by a Wall Street analyst today. Analyst Gautam Khanna from TD Cowen maintained a Buy rating on the stock and has a $550.00 price target.
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Gautam Khanna has given his Buy rating due to a combination of factors that highlight CACI International’s strong positioning in the government services sector. The company’s leadership has indicated that contract awards have remained robust, with significant awards expected to be announced soon. This is supported by a substantial backlog of $16 billion in outstanding bids, most of which are for new work, ensuring a stable revenue stream.
CACI’s financial management strategy also contributes to the positive outlook, with a focus on flexible cash deployment through opportunistic acquisitions or share buybacks. The company’s low involuntary attrition rate compared to industry averages, attributed to competitive compensation and mission-focused work, further strengthens its operational stability. Additionally, potential increases in government spending on border and signals intelligence present growth opportunities for CACI, reinforcing Khanna’s confidence in the company’s future performance.
According to TipRanks, Khanna is a top 100 analyst with an average return of 17.5% and a 73.90% success rate. Khanna covers the Industrials sector, focusing on stocks such as Boeing, General Dynamics, and ATI.
In another report released on August 26, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a $547.00 price target.