DA Davidson Maintains Neutral on CarGurus, Raises Price Target to $25.5
Portfolio Pulse from Benzinga Newsdesk
DA Davidson analyst Tom White maintains a Neutral rating on CarGurus (CARG) and raises the price target from $22 to $25.5.
May 13, 2024 | 5:02 pm
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DA Davidson analyst Tom White has maintained a Neutral rating on CarGurus, while raising the price target from $22 to $25.5.
The increase in price target by DA Davidson suggests a positive outlook on CarGurus' stock value in the short term, likely leading to increased investor confidence and potentially a rise in stock price. However, the Neutral rating indicates that the analyst sees the stock as fairly valued at its current price, suggesting limited upside potential.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100