Wedbush Maintains Neutral on Carvana, Raises Price Target to $60
Portfolio Pulse from Benzinga Newsdesk
Wedbush analyst Seth Basham maintains a Neutral rating on Carvana (CVNA) and raises the price target from $50 to $60.
February 23, 2024 | 1:22 pm
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Wedbush analyst Seth Basham maintains a Neutral rating on Carvana but raises the price target from $50 to $60.
The increase in price target from $50 to $60 by a reputable analyst suggests a positive outlook on Carvana's stock value in the short term, despite the Neutral rating. This adjustment could lead to increased investor confidence and potentially drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100