Wedbush Maintains Outperform on Cava Group, Raises Price Target to $74
Portfolio Pulse from Benzinga Newsdesk
Wedbush analyst Nick Setyan has maintained an Outperform rating on Cava Group (NYSE:CAVA) and increased the price target from $65 to $74, indicating a positive outlook on the company's stock.
April 16, 2024 | 10:36 am
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Wedbush analyst Nick Setyan has reaffirmed an Outperform rating on Cava Group and raised the price target from $65 to $74, signaling confidence in the company's growth prospects.
The increase in price target by a reputable analyst like Nick Setyan suggests a strong bullish sentiment towards Cava Group's stock. This is likely to positively influence investor perception and could lead to a short-term increase in stock price as market participants adjust their expectations based on this new analyst rating and price target.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100