10 Analysts Have This to Say About CarGurus
Portfolio Pulse from Benzinga Insights
In the last quarter, 10 analysts have provided ratings for CarGurus (NASDAQ:CARG), with 4 being bullish, 2 somewhat bullish, 3 indifferent, and 1 somewhat bearish. The company has an average 12-month price target of $24.0, up by 15.89% from the previous average of $20.71. Analysts determine these ratings based on the company's predicted future earnings and the risk associated with its revenue streams.
September 15, 2023 | 12:01 pm
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POSITIVE IMPACT
CarGurus has received mostly positive ratings from analysts, with an increased 12-month price target. This could potentially boost investor confidence and positively impact the stock price in the short term.
Analyst ratings often influence investor sentiment. The majority of analysts being bullish or somewhat bullish, along with an increased price target, indicates a positive outlook for CarGurus. This could lead to increased investor confidence and a potential rise in the stock price in the short term.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100