Citigroup Maintains Neutral on Carvana, Raises Price Target to $25
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Ronald Josey maintains a Neutral rating on Carvana (NYSE:CVNA) and raises the price target from $11 to $25.
June 12, 2023 | 4:33 pm
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Citigroup maintains a Neutral rating on Carvana (NYSE:CVNA) and raises the price target from $11 to $25.
Citigroup's decision to maintain a Neutral rating on Carvana indicates that they do not expect significant short-term price movement. However, the raised price target from $11 to $25 suggests a positive outlook for the company's future performance. The news is directly related to Carvana and is important for investors, but the Neutral rating implies a short-term neutral impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100