Citigroup Maintains Neutral on Carvana, Raises Price Target to $50
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Ronald Josey maintains a Neutral rating on Carvana (NYSE:CVNA) and raises the price target from $25 to $50.

July 21, 2023 | 10:32 am
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NEUTRAL IMPACT
Citigroup has maintained a Neutral rating on Carvana and raised the price target from $25 to $50.
The news of Citigroup maintaining a Neutral rating on Carvana and raising the price target could have a neutral to positive impact on the stock. The raised price target indicates that the analyst sees potential for the stock's price to increase, but the Neutral rating suggests that they do not see it as a strong buy at this time. This could lead to a moderate increase in investor interest and potentially a slight increase in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100