Benchmark Reiterates Buy Rating for CXW, Sets $36 Target
Benchmark analyst Bill Sutherland maintained a buy rating for CXW, targeting $36, a 22.53% upside from the current price.
Key Points
- Benchmark's Bill Sutherland reiterated a buy rating on CXW with a $36 price target on June 26, 2026.
- Benchmark's $36 price target implies 22.53% upside from CoreCivic, Inc.'s ($CXW) current $29.38 share price.
- Shares of CXW traded near $29.38 on Friday, reflecting ongoing investor interest.
- Insider activity included planned sales by Cole Carter, and major funds like BlackRock and State Street adjusted their positions.
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Benchmark analyst Bill Sutherland reiterated a buy rating for CXW on June 26, 2026, setting a price target of $36. This reflects continued confidence in the company's prospects, as shares were trading around $29.38 on Friday.
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Other Institutional Activity in CXW
Among CXW's institutional investors, BlackRock, Inc. trimmed its holdings by 557,681 shares, leaving it with 15.9 million shares valued at about $301.1 million. State Street Corp also reduced its position by 172,219 shares, ending with 3.7 million shares worth $70.8 million. On the other hand, River Road Asset Management, LLC added 33,156 shares, bringing its total to 9 million shares valued at $170.4 million. Vanguard Portfolio Management LLC and Vanguard Capital Management LLC both opened new positions, acquiring 6.95 million and 4.25 million shares, respectively.
Insider Buying and Selling at CoreCivic, Inc.
Insider transactions at CXW included several sales by Chief Administrative Officer Cole Carter. On June 1, 2026, Carter sold 12,500 shares at $21 each as part of a planned sale. He also sold the same amount on May 1, 2026, at $20.64 per share. Additionally, President & CEO Patrick Swindle sold 39,702 shares at $16.74 each on February 20, 2026, while EVP Anthony Grande sold 41,145 shares on the same day at the same price.
Analysts Set New Price Targets
On June 26, 2026, Benchmark maintained its buy rating on CXW with a $36 price target. Earlier in the year, on March 24, 2026, Benchmark had initiated coverage with a buy rating and a $28 price target. Jones Trading has consistently maintained a buy rating, setting a $30 target on multiple occasions, most recently on February 13, 2026.
Bottom Line
Benchmark's reiterated buy rating and $36 target for CXW highlights analyst confidence in the company's future. Institutional investors have been adjusting their positions, reflecting varied strategies. Insider sales have been active, with planned transactions indicating strategic moves by company executives. As always, remember that analyst ratings are part of a broader picture and should be weighed alongside other factors when considering investments.
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