Wedbush Reiterates Neutral on Carvana, Maintains $40 Price Target
Portfolio Pulse from Benzinga Newsdesk
Wedbush analyst Seth Basham has reiterated a Neutral rating on Carvana (NYSE:CVNA) and maintained a $40 price target for the company's stock.

December 01, 2023 | 2:36 pm
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Wedbush analyst Seth Basham reiterated a Neutral rating on Carvana and maintained a $40 price target, indicating no significant change in the analyst's outlook.
The reiteration of a Neutral rating and maintenance of the existing price target suggests that the analyst's view on Carvana's stock has not changed. This is likely to have a neutral short-term impact on the stock price as it does not alter the investment thesis for current or potential investors.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100