What Analysts Are Saying About CoreCivic Stock
Portfolio Pulse from Benzinga Insights
Recent analyst ratings for CoreCivic (NYSE:CXW) show a unanimous somewhat bullish outlook, with four analysts maintaining an 'Outperform' rating. The 12-month price target has been raised to an average of $18.75, indicating a 7.14% increase from the previous target of $17.50. CoreCivic's financial performance shows a revenue growth of 4.2% for the last quarter of 2023, but it trails behind industry averages in net margin, ROE, and ROA, indicating potential challenges in profitability and asset utilization.
May 09, 2024 | 6:00 pm
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CoreCivic has received a somewhat bullish consensus from analysts, with a raised 12-month price target to $18.75. Despite positive revenue growth, the company's performance metrics indicate potential challenges ahead.
The unanimous somewhat bullish outlook from analysts, coupled with an increased price target, suggests a positive short-term impact on CoreCivic's stock price. However, the underlying financial challenges highlighted in the company's performance metrics may temper long-term gains.
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