Truist analyst Tobey Sommer raised the firm’s price target on CACI (CACI) to $800 from $735 and keeps a Buy rating on the shares. The firm said the new price target is driven by upward estimate revisions and a higher multiple to represent faster than expected growth. The company is Truist’s favorite in the government sector, as the firm thinks named program/product ramp and potential One Big Beautiful Bill funding could lead to low double digit organic growth in CY27/28, the analyst tells investors in a research note.
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