Goldman Sachs double-upgrades this ‘best positioned’ defense stock

Goldman Sachs is turning more bullish on CACI International . Goldman double-upgraded the cybersecurity, cloud and defense stock to buy from sell on Wednesday and raised its price target to $544 per share from $407. Goldman’s forecast implies about 14% upside from Tuesday’s $477.23 close. Analyst Noah Poponak said CACI has emerged as the “best positioned company” in the information technology sector since the Trump administration took power earlier this year, especially since the stock is cheaper than some of its peers. The analyst also said he expects the company “to grow faster than peers over the medium-term.” Shares have advanced more than 18% so far in 2025. CACI YTD mountain CACI International stock in 2025. “CACI has pivoted its business to more technology than expertise, it offers advanced, software-defined technology products, and is aligned to fast-growing areas of the budget like signals intelligence, electronic warfare, C4ISR [command, control, communications, computers, intelligence, surveillance, and reconnaissance], counter-UAS [unmanned aircraft systems], and space,” the analyst said. “We think this revenue mix shift will help the company continue to win business and somewhat de-risk contract cancellations as the government customer favors more tech-enabled, outcome-based work,” Poponak added.