Morgan Stanley Maintains Underweight on Carvana, Raises Price Target to $45
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Adam Jonas has maintained an Underweight rating on Carvana (NYSE:CVNA) but increased the price target from $32 to $45.
February 26, 2024 | 3:45 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Morgan Stanley maintains an Underweight rating on Carvana but raises the price target from $32 to $45.
While the increase in price target from $32 to $45 suggests a positive adjustment in valuation expectations, the Underweight rating indicates ongoing concerns about the company's fundamentals or market position. This mixed signal could lead to neutral short-term price movement as investors weigh the improved price target against the cautious stance.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100