JP Morgan Maintains Overweight on Carvana, Raises Price Target to $230
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Rajat Gupta maintains an Overweight rating on Carvana and raises the price target from $185 to $230.
October 09, 2024 | 8:15 pm
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POSITIVE IMPACT
JP Morgan analyst Rajat Gupta has maintained an Overweight rating on Carvana and increased the price target from $185 to $230, indicating a positive outlook on the stock.
The increase in price target from $185 to $230 by a major financial institution like JP Morgan suggests a strong positive outlook for Carvana. This is likely to boost investor confidence and potentially drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100