Shares of CoreCivic, Inc (CXW) are soaring 5.05% in intraday trading on Friday, following a bullish analyst report from Northland Securities. The stock's significant uptick comes as investors react positively to the reaffirmed confidence in the company's prospects.

Northland Securities has maintained its Buy rating on CoreCivic, setting a price target of $32.00. This target suggests substantial upside potential from the stock's current trading levels, sparking renewed interest among investors. The firm's optimistic stance on CoreCivic underscores their belief in the company's growth prospects and financial health.

While specific details of the analyst's rationale were not provided, such positive ratings often reflect confidence in a company's business model, growth strategy, or industry positioning. Investors appear to be responding favorably to this vote of confidence, driving up CoreCivic's stock price. As always, market participants are advised to conduct their own research and consider multiple factors when making investment decisions.