Truist Raises CACI (CACI) Price Target, Highlights Strong Government Contract Growth

CACI International, Inc. (NYSE:CACI) is one of the most undervalued cybersecurity stocks to buy now. On August 8, Truist analyst Tobey Sommer raised the price target for CACI International, Inc. (NYSE:CACI) to $575, up from the previous $550, an implied upside of 16.3% from the current level of $493.99. Sommer kept a Buy rating on the stock. He said the company is still his top pick among government service companies. He pointed to the company’s higher full-year 2026 outlook as a main reason. He also noted CACI’s ability to win new contracts and its strong position under the current U.S. administration.Truist Raises CACI (CACI) Price Target, Highlights Strong Government Contract Growth

An IT technician in an open office with stacks of servers in the background.

In his note to investors, Sommer explained that CACI’s business model fits well with the government’s current priorities. This gives the company a better chance of gaining more work in the future. He believes that CACI is well-placed to grow over the next few years. The stock has done well recently, and the raised price target shows that Truist expects continued improvement.  Sommer’s note suggests CACI International, Inc. (NYSE:CACI) has a clear path to growth, and that the risks are worth the possible rewards.

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