12 Best Information Technology Services Stocks to Buy Now

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8. CACI International Inc. (NYSE:CACI)

Number of Hedge Fund Holders: 42

CACI International Inc. (NYSE:CACI) is one of the best information technology services stocks to buy now.

On February 20, Truist Financial reiterated the Buy rating on CACI International Inc. (NYSE:CACI), keeping the price target at $800. The firm updated its model for CACI, which indicates upward revisions and a higher multiple driven by rapid expected growth.

Truist’s analyst Tobey Sommer expects CACI’s EV/EBITDA multiple to expand by almost two turns by 2029 from the current levels of around 14.8x. The analyst highlights a favorable mix shift toward higher-margin Mission Technology, robust organic growth, and accretive acquisitions as key factors driving margin expansion. In a bull-case scenario, Sommer anticipates CACI’s revenue CAGR to be around 14% and EBITDA CAGR to be almost 21%, fueled by a 70 basis points of annual margin expansion.

In another rating update on February 3, TheFly reported that JPMorgan lifted the price target on CACI from $645 to $700, maintaining its Overweight rating on the stock. The firm raised the price target on CACI, citing ongoing operational momentum.

CACI International Inc. (NYSE:CACI), along with its subsidiaries, provides expertise and technology solutions worldwide. The company provides IT services, including control, communications, and intelligence technology, as well as networks.

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