CACI International (CACI) Upgraded to Buy: Here's What You Should Know

Core Viewpoint - CACI International has received a Zacks Rank 2 (Buy) upgrade, indicating a positive outlook on its earnings estimates, which is a significant factor influencing stock prices [1][3]. Earnings Estimates and Stock Price Impact - The Zacks rating system emphasizes the correlation between changes in earnings estimates and stock price movements, particularly influenced by institutional investors [4]. - Rising earnings estimates for CACI International suggest an improvement in the company's underlying business, likely leading to an increase in stock price [5]. Earnings Estimate Revisions - CACI International is projected to earn $24.62 per share for the fiscal year ending June 2025, reflecting a year-over-year increase of 17% [8]. - Over the past three months, the Zacks Consensus Estimate for CACI International has risen by 2.8%, indicating a positive trend in earnings estimates [8]. Zacks Rank System - The Zacks Rank system classifies stocks based on earnings estimate revisions, with only the top 20% of stocks receiving a 'Strong Buy' or 'Buy' rating, highlighting their potential for market-beating returns [9][10]. - CACI International's upgrade to Zacks Rank 2 places it in the top 20% of Zacks-covered stocks, suggesting a favorable outlook for near-term stock performance [10].