Wedbush Upgrades Carvana to Neutral, Raises Price Target to $48
Portfolio Pulse from Benzinga Newsdesk
Wedbush analyst Seth Basham has upgraded Carvana (NYSE:CVNA) from Underperform to Neutral and raised the price target from $40 to $48.
September 18, 2023 | 11:24 am
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POSITIVE IMPACT
Carvana's stock rating has been upgraded from Underperform to Neutral by Wedbush analyst Seth Basham, and the price target has been raised from $40 to $48.
The upgrade from Underperform to Neutral indicates a more positive outlook on Carvana's performance by the analyst. The increase in price target from $40 to $48 suggests that the analyst expects the stock price to rise in the short term. This could lead to increased investor confidence and a potential increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100