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.