Wells Fargo Maintains Equal-Weight on Carvana, Raises Price Target to $50
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Zachary Fadem has maintained an Equal-Weight rating on Carvana (NYSE:CVNA) and raised the price target from $15 to $50.
July 20, 2023 | 11:57 am
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POSITIVE IMPACT
Wells Fargo has maintained an Equal-Weight rating on Carvana and raised the price target from $15 to $50, which could positively impact the stock.
The increase in price target by a reputable financial institution like Wells Fargo indicates a positive outlook for Carvana. This could lead to increased investor confidence and potentially a rise in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100