JP Morgan Maintains Overweight on CarGurus, Raises Price Target to $29
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Rajat Gupta maintains an Overweight rating on CarGurus (NASDAQ:CARG) and raises the price target from $27 to $29.
May 10, 2024 | 6:12 pm
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JP Morgan's updated Overweight rating and increased price target from $27 to $29 for CarGurus suggests a positive outlook on the company's stock.
Analyst ratings and price target adjustments are significant indicators for stock performance. An increase in the price target by a reputable analyst like JP Morgan can lead to positive investor sentiment and potentially increase the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100