Wells Fargo Initiates Coverage on CACI International

Analysts set $275 price target on IT services provider's stock

Apr. 1, 2026 at 12:53pm

Got story updates? Submit your updates here. ›

Wells Fargo & Company has initiated coverage on shares of CACI International (NYSE:CACI), an information technology services provider based in Arlington, Virginia. The brokerage firm issued an 'overweight' rating and set a $275 price target on the stock, suggesting a potential downside of 49.46% from the stock's current trading price.

Why it matters

CACI International is a major government contractor, providing IT services and solutions to federal agencies, particularly in the defense, intelligence, and homeland security sectors. Wells Fargo's initiation of coverage and price target will be closely watched by investors as an indicator of the company's future performance and growth prospects.

The details

In its research note, Wells Fargo cited CACI's strong position in the government IT services market and its potential for continued growth. However, the firm's $275 price target represents a significant discount to the stock's current trading price of around $544, suggesting potential downside risk. CACI has been the subject of several other research reports in recent months, with most analysts maintaining a 'buy' rating on the stock.

  • Wells Fargo initiated coverage on CACI International on Wednesday, April 1, 2026.

The players

Wells Fargo & Company

A major U.S. financial services company that provides banking, investment, and mortgage products and services.

CACI International

An information technology services provider that primarily serves the U.S. federal government, with a focus on defense, intelligence, homeland security, and federal civilian agencies.

Got photos? Submit your photos here. ›

What they’re saying

“We must not let individuals continue to damage private property in San Francisco.”

— Robert Jenkins, San Francisco resident

The takeaway

Wells Fargo's initiation of coverage on CACI International reflects the firm's view on the company's growth potential and competitive position in the government IT services market. However, the significant discount in the price target suggests potential downside risk, which investors will closely monitor as the company navigates the evolving federal contracting landscape.