Citigroup Maintains Neutral Rating for CarGurus: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Citigroup has maintained its Neutral rating for CarGurus (NASDAQ:CARG) and increased its price target from $18.00 to $24.00. CarGurus' shares are currently trading down 1.62% at $22.29 per share. A move to $24.00 would represent a 7.66% increase from the current share price.
August 04, 2023 | 9:48 am
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NEUTRAL IMPACT
Citigroup has maintained its Neutral rating for CarGurus and raised its price target. This could potentially influence the stock's performance.
The news of Citigroup maintaining its Neutral rating for CarGurus and raising its price target could potentially influence investors' decisions and thus, the stock's performance. However, the current trading price is down, indicating a mixed market sentiment.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100