Citigroup Maintains Neutral on Carvana, Raises Price Target to $195
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Ronald Josey maintains a Neutral rating on Carvana (NYSE:CVNA) but raises the price target from $125 to $195.
October 03, 2024 | 6:03 pm
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Citigroup analyst Ronald Josey maintains a Neutral rating on Carvana but raises the price target from $125 to $195, indicating a more optimistic outlook on the stock's potential.
The increase in price target from $125 to $195 suggests a more positive outlook on Carvana's future performance, which could lead to a short-term positive impact on the stock price. However, the Neutral rating indicates that the analyst does not see a strong buy or sell signal, which tempers the impact.
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IMPORTANCE 80
RELEVANCE 100