JMP Securities Maintains Outperform on Carvana, Raises Price Target to $50
Portfolio Pulse from Benzinga Newsdesk
JMP Securities analyst Nicholas Jones maintains an 'Outperform' rating on Carvana (NYSE:CVNA) and has raised the price target from $25 to $50.
July 12, 2023 | 10:47 am
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JMP Securities has maintained an 'Outperform' rating on Carvana and raised the price target from $25 to $50, indicating a positive outlook for the company.
The 'Outperform' rating maintained by JMP Securities indicates that they expect Carvana's stock to do better than the market average. The doubling of the price target from $25 to $50 suggests a strong positive outlook for the company's stock. This could potentially lead to an increase in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100