The shares of CACI (CACI) recently received a $355 price target. These are the details.
The shares of CACI (CACI) recently received a $355 price target.
Price target: Increased from $325 to $355
Rating: Upgraded from Equal Weight to Overweight
Analyst firm: Morgan Stanley
Morgan Stanley analysts adjusted the rating while noting that government services rebounded last year,
Thus achieving stability in a volatile market.
And the analysts pointed out that strong budgets are underwriting
Forward indicators that imply low to mid-single digit revenue growth ahead.
Plus, the analysts believe that the valuations in government services and tech have some room to run.