RBC Capital Reiterates Underperform on Carvana, Maintains $24 Price Target
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Brad Erickson has reiterated an Underperform rating on Carvana (NYSE:CVNA) and maintained a price target of $24.
December 01, 2023 | 4:24 pm
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RBC Capital analyst Brad Erickson reaffirmed an Underperform rating on Carvana with a $24 price target, indicating a bearish outlook on the stock.
The reiteration of an Underperform rating by a major analyst like RBC Capital suggests that they believe the stock will not perform well in the market. This could influence investor sentiment and potentially lead to a decrease in the stock price in the short term. The maintenance of the price target at $24 also indicates that the analyst does not foresee significant positive changes in the company's near-term prospects.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100