Piper Sandler Maintains Underweight on CarGurus, Raises Price Target to $15
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Alexander Potter maintains an Underweight rating on CarGurus (NASDAQ:CARG) and raises the price target from $12 to $15.

July 05, 2023 | 12:59 pm
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Piper Sandler maintains an Underweight rating on CarGurus and raises the price target from $12 to $15.
The news directly pertains to CarGurus as Piper Sandler maintains an Underweight rating on the company. The price target has been raised from $12 to $15, which indicates a potential upside. However, the Underweight rating suggests that the analyst believes the stock may underperform the market, which could have a neutral to negative impact on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100