TD Cowen Maintains Hold on Carvana, Raises Price Target to $70
Portfolio Pulse from Benzinga Newsdesk
TD Cowen analyst John Blackledge maintains a Hold rating on Carvana (NYSE:CVNA) and raises the price target from $58 to $70.
April 29, 2024 | 5:12 pm
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TD Cowen maintains a Hold rating on Carvana and increases the price target to $70.
The increase in price target by TD Cowen suggests a positive outlook on Carvana's stock value in the short term, despite maintaining a Hold rating. This adjustment reflects an analyst's confidence in the company's potential to reach a higher market value, likely influencing investor sentiment positively.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100