JP Morgan Maintains Overweight on Carvana, Raises Price Target to $150
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Rajat Gupta has maintained an Overweight rating on Carvana (NYSE:CVNA) and raised the price target from $130 to $150.
June 10, 2024 | 1:20 pm
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JP Morgan analyst Rajat Gupta has maintained an Overweight rating on Carvana and raised the price target from $130 to $150.
The raised price target and maintained Overweight rating from a major financial institution like JP Morgan is likely to positively impact Carvana's stock price in the short term. Investors often view such updates as a strong signal of confidence in the company's future performance.
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