Goldman Sachs analyst Gavin Parsons added CACI to his Conviction Buy list with a price target of $258, saying he expects the company's accelerating organic revenue growth to drive higher estimates and generate a re-rating in the multiple on the stock. The analyst notes that while its organic revenue growth is on the cusp of accelerating to one of the fastest in the Govervnment IT & Services sector, CACI stock trades at a discount to its peers on enterprise value to EBITDA and free cash flow basis. Parsons believes that shares will re-rate as the company converts on its backlog and generates higher "win rate".

Truist raised the firm's price target on CACI to $450 from $410 and keeps a Buy rating on the shares after its Q3 earnings beat. The stock's discount valuation reflects the perception of CACI as a sub-par organic grower despite the best trailing-12-month book-to-bill in the group, the analyst tells investors in a research note. CACI is one of the most interesting capital deployment stories, with net leverage down to 2.0-times and a long history of M&A value creation, the firm added.

Consensus $20.31. Raises FY24 revenue view to $7.5B-$7.6B from $7.3B-$7.5B, consensus $7.4B.

Reports Q3 revenue $1.94B, consensus $1.86B. "CACI's outstanding performance reflects the continued successful execution of our strategy. We're winning and delivering in the marketplace with differentiated capabilities, exceptional business development, and program execution," said John Mengucci, CEO. "Our third quarter results were strong across the board, including double-digit organic growth, margin expansion, $3.5 billion of awards, and record backlog. Our performance enables us to again raise fiscal year 2024 revenue and earnings guidance. We remain confident in our ability to drive long-term growth, increase free cash flow, and generate value for our customers and our shareholders."