Noble Financial Remains Bullish on CoreCivic (CXW)

Core Points - CoreCivic, Inc. (NYSE:CXW) is recognized as a promising small-cap stock with significant upside potential [1] - The company is set to announce its fiscal Q3 2025 results on November 5, 2023, after market close [1] - Analyst Joe Gomes from Noble Financial maintains a bullish outlook on CoreCivic, assigning a price target of $28 [2] Contract and Revenue Details - CoreCivic has secured a new contract under an Intergovernmental Services Agreement (IGSA) with the US Immigration and Customs Enforcement (ICE) and the Oklahoma Department of Corrections (OKDOC) [3] - The contract allows the company to resume operations at the 2,160-bed Diamondback Correctional Facility, which has been inactive since 2010, with a commencement date of September 30, 2023, for a term of five years [4] - The agreement includes a "fixed monthly payment plus an incremental per diem payment based on detainee populations," with expected total annual revenue of around $100 million once the facility is fully operational [5] - Detainee intake is anticipated to begin in fiscal Q1 2026, with full operational capacity expected by fiscal Q2 2026 [5] Company Overview - CoreCivic, Inc. operates as a government solutions company focused on the management and development of prisons and correctional facilities, with operations divided into Safety, Community, and Properties segments [6]