BofA raised the firm’s price target on CACI (CACI) to $585 from $570 and keeps a Buy rating on the shares. Software-defined applications in defense remain in the early innings, but this trend is beginning to accelerate meaningfully across the spectrum and the firm sees CACI as “a key beneficiary,” the analyst tells investors. The firm has raised its adjusted EPS estimates to account for continued strong profitability, the analyst noted.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CACI:
- CACI International: Strategic Pioneer in Software-Defined Defense Applications with Strong Growth Potential
- Strong Buy Rating for CACI International: Robust Contract Awards, Strategic Financial Management, and Growth Opportunities in Government Services
- Can These 2 AI Stocks Be the ‘Next Palantir’? Analysts Weigh In
- CoreWeave reports Q2 beat, Gildan to acquire Hanesbrands: Morning Buzz
- C3 AI downgraded, Capri upgraded: Wall Street’s top analyst calls