Loop Capital Maintains Hold on Cava Group, Raises Price Target to $122
Portfolio Pulse from Benzinga Newsdesk
Loop Capital has maintained a Hold rating on Cava Group while raising its price target from $80 to $122, indicating a positive outlook on the company's stock performance.
August 26, 2024 | 12:55 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Loop Capital has raised its price target for Cava Group from $80 to $122, maintaining a Hold rating. This suggests a positive outlook on the stock's potential performance.
The increase in the price target from $80 to $122 by Loop Capital indicates a positive reassessment of Cava Group's future stock performance. Maintaining a Hold rating suggests that while the stock is expected to perform well, it may not yet be a strong buy. This news is likely to have a positive short-term impact on CAVA's stock price as it reflects increased confidence from analysts.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100