Carvana shares are trading higher after JMP Securities maintained an Outperform rating on the stock and raised its price target from $25 to $50.
Portfolio Pulse from Benzinga Newsdesk
Carvana's stock is trading higher after JMP Securities maintained an Outperform rating on the stock and raised its price target from $25 to $50.
July 12, 2023 | 3:31 pm
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POSITIVE IMPACT
Carvana's stock price is likely to increase in the short term due to JMP Securities' maintained Outperform rating and raised price target.
Analyst ratings and price targets can significantly influence a company's stock price. In this case, JMP Securities has maintained an Outperform rating on Carvana's stock and raised its price target from $25 to $50, which is likely to boost investor confidence and drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100