Wedbush Maintains Neutral on Carvana, Raises Price Target to $50
Portfolio Pulse from Benzinga Newsdesk
Wedbush analyst Seth Basham maintains a Neutral rating on Carvana (CVNA) and raises the price target from $40 to $50.
February 20, 2024 | 1:47 pm
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Wedbush analyst Seth Basham maintains a Neutral rating on Carvana but raises the price target from $40 to $50.
The increase in price target from $40 to $50 by a reputable analyst could lead to positive investor sentiment towards Carvana in the short term, potentially driving the stock price up. However, the maintenance of a Neutral rating suggests that the analyst sees limited upside beyond the new target, tempering expectations.
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IMPORTANCE 75
RELEVANCE 100