Forecasting The Future: 6 Analyst Projections For CarGurus
Portfolio Pulse from Benzinga Insights
Six analysts have provided varied opinions on CarGurus (NASDAQ:CARG) over the past quarter, with ratings ranging from bullish to indifferent. The average 12-month price target has increased by 10.77% to $27.25. Analysts from Citigroup, JMP Securities, DA Davidson, JP Morgan, RBC Capital, and Needham have raised their price targets, reflecting positive sentiment despite recent revenue challenges.
July 03, 2024 | 6:01 pm
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POSITIVE IMPACT
Analysts have shown mixed but generally positive sentiment on CarGurus, with the average 12-month price target increasing by 10.77% to $27.25. Key analysts from Citigroup, JMP Securities, DA Davidson, JP Morgan, RBC Capital, and Needham have raised their price targets, reflecting optimism despite recent revenue challenges.
The increase in the average price target by 10.77% and the fact that multiple key analysts have raised their price targets indicate a positive short-term outlook for CarGurus. Despite recent revenue challenges, the overall sentiment from analysts is optimistic, which is likely to positively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100