As of late, the stock of CACI International Inc (Symbol: CACI) has breached the average analyst 12-month target price of $377.45, trading at $378.73/share. When a stock hits the target set by an analyst, the response is fundamentally binary: either to downgrade based on valuation or elevate the target price ceiling. The analyst’s reaction may hinge on the foundational business advancements underpinning the upswing in the stock price — if the company’s prospects appear bright, perhaps it’s time to raise that target price.
Within the Zacks coverage universe, there exist 11 distinct analyst targets contributing to the aforementioned average for CACI International Inc. Yet, the average is merely a numerical mean. Analysts harboring lower targets than the average surface, one eyeing a price of $349.00. Conversely, at the opposite end, one analyst has set the bar at a lofty $400.00. The standard deviation stands at $18.838.
Nevertheless, delving into the average CACI price target is an exercise in tapping into a collective “wisdom of crowds,” amalgamating the insights of all contributors to the ultimate number, rather than solely relying on the wisdom of a lone savant. Thus, with CACI breeching the average target of $377.45/share, investors in CACI have been furnished with a potent signal to reevaluate the company and determine for themselves: is $377.45 just a layover on the journey to an even loftier goal, or has the valuation extended to a point demanding a reshuffling of chips?
| Recent CACI Analyst Ratings Breakdown | ||||
|---|---|---|---|---|
| » | Current | 1 Month Ago | 2 Months Ago | 3 Months Ago |
| Strong buy ratings: | 9 | 9 | 9 | 9 |
| Buy ratings: | 1 | 1 | 1 | 1 |
| Hold ratings: | 2 | 2 | 2 | 2 |
| Sell ratings: | 0 | 0 | 0 | 0 |
| Strong sell ratings: | 0 | 0 | 0 | 0 |
| Average rating: | 1.42 | 1.42 | 1.42 | 1.42 |
The final row of the table above displays the average rating on a scale from 1 (Strong Buy) to 5 (Strong Sell). The data presented in this article is sourced from Zacks Investment Research via Quandl.com. Access the latest Zacks research report on CACI — FREE.
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The expressions and views articulated here embody the thoughts and perspectives of the author and do not necessarily align with those of Nasdaq, Inc.
