Benchmark Raises its Price Target on CoreCivic (CXW)

CoreCivic, Inc. (NYSE:CXW) is one of the 10 Best Performing American Stocks in June 2026.

On July 7, 2026, Benchmark raised the firm’s price target on CoreCivic, Inc. (NYSE:CXW) to $41 from $36 and kept a Buy rating on the shares. Benchmark cited CoreCivic’s sale of two California facilities to the U.S. Department of Homeland Security for $1.5B in gross proceeds. The firm said the company is using initial proceeds to eliminate debt and enable share repurchases, while remaining positioned to benefit from potential additional facility sales as DHS continues expanding detention capacity.

On July 6, CoreCivic announced that it completed the sale of its 2,560-bed California City Detention Facility in California City, California, and its 1,994-bed Otay Mesa Detention Center in San Diego, California, to the United States of America and its assigns, through the Department of Homeland Security, for an aggregate gross sales price of $1.5B. CEO Patrick Swindle said the sales demonstrate the value of CoreCivic’s real estate portfolio and provide “significant balance sheet flexibility.”

On June 26, Northland raised the firm’s price target on CoreCivic to $40 from $32 and kept an Outperform rating on the shares. Northland said meetings with security services companies increased its comfort and confidence that the back half of 2026 is positioned to be active. The firm also said timing around the government’s current initiative to acquire private detention facilities remains on track with previous expectations.

CoreCivic, Inc. (NYSE:CXW) owns and operates partnership correctional, detention, and residential reentry facilities in the United States.

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