Beyond The Numbers: 6 Analysts Discuss CarGurus Stock
Portfolio Pulse from Benzinga Insights
In the last three months, 6 analysts have published ratings on CarGurus (NASDAQ:CARG), with a mix of bullish, somewhat bullish, and indifferent perspectives. The average 12-month price target has increased to $27.25, reflecting a 9.0% rise from the previous target. Analysts have adjusted their ratings and price targets based on recent developments, with notable actions from JMP Securities, DA Davidson, JP Morgan, RBC Capital, Needham, and UBS.
June 07, 2024 | 4:01 pm
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CarGurus (NASDAQ:CARG) has received mixed ratings from 6 analysts over the past three months, with an average 12-month price target increase to $27.25. Analysts from JMP Securities, DA Davidson, JP Morgan, RBC Capital, Needham, and UBS have adjusted their ratings and price targets based on recent developments.
The increase in the average price target and the mixed but generally positive ratings from multiple analysts suggest a positive short-term impact on CarGurus' stock price. The involvement of well-known firms like JP Morgan and RBC Capital adds credibility to these projections.
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IMPORTANCE 80
RELEVANCE 100