Carvana shares are trading higher after Evercore ISI raised its price target on the stock from $142 to $157.
Portfolio Pulse from Benzinga Newsdesk
Carvana shares increased following Evercore ISI's decision to raise its price target from $142 to $157.
September 16, 2024 | 2:50 pm
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POSITIVE IMPACT
Carvana's stock price is likely to see a positive impact in the short term due to Evercore ISI's increased price target from $142 to $157.
The increase in price target by a reputable analyst firm like Evercore ISI is a positive signal to investors, suggesting confidence in Carvana's future performance. This typically leads to increased investor interest and buying activity, driving the stock price up.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100