Raymond James Maintains Outperform on Karooooo, Raises Price Target to $29
Portfolio Pulse from Benzinga Newsdesk
Raymond James analyst Brian Peterson has maintained an Outperform rating on Karooooo (NASDAQ:KARO) and increased the price target from $26 to $29.

January 24, 2024 | 10:02 am
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Raymond James has reaffirmed Karooooo's Outperform rating and raised the price target from $26 to $29, indicating a positive outlook on the stock.
The increase in price target by a reputable analyst like Brian Peterson from Raymond James typically signals a bullish outlook on the stock, suggesting that the company's performance and fundamentals may be stronger than previously estimated. This can lead to increased investor confidence and potentially drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100