CACI International Shares Soar 4.47% on $66M Navy Contract

CACI International (CACI) shares surged 4.47% today, reaching their highest level since January 2025 with an intraday gain of 7.12%.

CACI International has recently secured a significant contract, which could bolster investor confidence. The company has been awarded a five-year task order valued at up to $66 million to continue providing expertise to the U.S. Navy’s Naval Sea Systems Command (NAVSEA) Naval Surface Warfare Center (NSWC) Carderock Division. This contract involves supplying highly skilled engineers and experts to address critical requirements and complex technical challenges, which could positively influence the company's stock valuation.

Additionally, Wells Fargo has adjusted its price target for CACI, lowering it from $480 to $438 while maintaining an Overweight rating. This adjustment may reflect changes in market expectations or company performance, potentially impacting the stock price. However, the Overweight rating suggests that analysts still view CACI favorably in the long term.