Wedbush Reiterates Neutral on Carvana, Raises Price Target to $80
Portfolio Pulse from Benzinga Newsdesk
Wedbush analyst Seth Basham has reiterated a Neutral rating on Carvana (NYSE:CVNA) and raised the price target from $60 to $80.

April 25, 2024 | 1:00 pm
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Wedbush analyst Seth Basham reiterated a Neutral rating on Carvana and increased the price target from $60 to $80.
The increase in price target from $60 to $80 by a reputable analyst could lead to positive investor sentiment in the short term, potentially driving the stock price up. However, the Neutral rating suggests that there are still some reservations about the company's prospects, which might temper the stock's upward movement.
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