Carvana shares are trading higher after Citigroup maintained a Neutral rating on the stock and raised its price target from $11 to $25.
Portfolio Pulse from Benzinga Newsdesk
Carvana shares are trading higher after Citigroup maintained a Neutral rating on the stock and raised its price target from $11 to $25.
June 12, 2023 | 5:04 pm
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POSITIVE IMPACT
Citigroup maintains a Neutral rating on Carvana and raises its price target from $11 to $25, leading to higher trading.
Carvana's stock price is directly impacted by Citigroup's rating and price target update. The Neutral rating indicates that Citigroup sees potential in the stock, while the increased price target from $11 to $25 suggests a more optimistic outlook. This news is likely to boost investor confidence and drive the stock price higher in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100