Stifel has revised upward its price objective for CACI International (NYSE: CACI) to $765.00 from a prior $670.00, while holding firm on a Buy rating for the company. This new target signifies a potential increase from CACI's recent share price of $661.48, a figure just under one percent from its 52-week high of $663.63.
The adjustment in Stifel's price target comes on the heels of CACI's fiscal second-quarter results, which demonstrated earnings surpassing forecasted expectations, even though revenue figures did not meet projections. Notably, Stifel emphasized that elevated profit margins played a critical role in compensating for the shortfall in sales numbers.
Based on InvestingPro data, CACI has delivered a diluted earnings per share (EPS) of $23.34 over the past twelve months. The stock currently trades at a price-to-earnings ratio of approximately 27.1, indicating a relatively high valuation.
Stifel analysts also highlighted that the government shutdown impacting about half of the reporting quarter had only minimal adverse effects on CACI's progress during that period.
Looking forward, Stifel expressed a positive outlook for 2026, pointing to several key drivers: increased appropriations from a recent reconciliation bill, a higher operational tempo for U.S. military forces, and a pending acquisition which is viewed favorably by the analysts.
The investment bank reaffirmed that CACI stands out as a leading proposition among government services companies. The firm noted that the conclusion of government shutdown distractions should allow CACI to capitalize on industry dynamics more effectively.
In other recent company news, CACI's second-quarter fiscal 2026 earnings revealed EPS of $6.81, surpassing analyst expectations of $6.48 by 5.09%. Nevertheless, revenue reached $2.2 billion, slightly below the projected $2.27 billion. Concurrently, Truist Securities lifted its price target for CACI to $800, reflecting upward revisions in earnings estimates and a favorable growth trajectory, all while maintaining a Buy stance. Similarly, BofA Securities increased its target price to $750, citing stronger-than-anticipated margin improvements and solid free cash flow generation. Both institutions sustain a positive stance on CACI despite challenges in government contract award cycles.
Overall, these developments underscore a robust recent performance and affirm optimistic future prospects for CACI within the government services sector and related defense contracting markets.