JonesResearch analyst Jason Weaver reiterated the Buy rating and price forecast of $28 for CoreCivic, Inc. (NYSE:CXW) following fourth-quarter results reported yesterday.

CoreCivic reported revenue of $479.3 million, beating analyst estimates of $465.17 million and funds from operations (FFO) of 39 cents per share, beating analyst estimates of 34 cents per share.

CoreCivic expects full-year 2025 net income to be in the range of $53.5 million – $67.5 million and full-year FFO of $1.37 – $1.50 per share versus estimates of $1.77 per share.

The analyst writes that while 2025 guidance excludes potential new ICE contracts, such agreements are highly likely this year, supporting the above-consensus earnings expectations for 2026.

The analyst agrees with management’s confidence in securing multiple new contracts and ramping revenue into next year.

Weaver writes that CoreCivic’s guidance does not factor in new contract awards, but management expects to secure multiple agreements in 2025, with updates provided as they are signed.

The analyst’s estimates include the likelihood of significant new contracts, supported by CXW’s available capacity.

Investors can gain exposure to the stock via ETC 6 Meridian Low Beta Equity ETF (NYSE:SIXL).

Price Action: CXW shares are up 0.32% at $18.90 at the last check Tuesday.

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This article CoreCivic's New Contracts On Focus, Analyst Sees Revenue Opportunities In 2026 originally appeared on Benzinga.com

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