CACI price target raised to $500 from $450 at Truist

Truist raised the firm’s price target on CACI to $500 from $450 and keeps a Buy rating on the shares. The firm has increased conviction around FY25 estimates with the award of the $2B NASA NCAPS contract in June, the analyst tells investors in a research note. CACI also currently trades at a 10% discount to Government Services peers, though its multiple should expand as the company’s organic growth tracks toward the high end of the public company universe, Truist added.