JMP Securities Maintains Outperform on Carvana, Raises Price Target to $60
Portfolio Pulse from Benzinga Newsdesk
JMP Securities analyst Nicholas Jones maintains an Outperform rating on Carvana (NYSE:CVNA) and raises the price target from $50 to $60.
July 21, 2023 | 10:23 am
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JMP Securities maintains an Outperform rating on Carvana and raises the price target from $50 to $60. This could potentially lead to an increase in the stock's price.
The Outperform rating maintained by JMP Securities indicates that they expect Carvana's stock to do better than the market average. The increase in the price target from $50 to $60 suggests that they believe the stock is undervalued at its current price, which could lead to an increase in the stock's price as the market adjusts to this new information.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100