Jefferies Maintains Hold on Carvana, Raises Price Target to $185
Portfolio Pulse from Benzinga Newsdesk
Jefferies analyst John Colantuoni maintains a Hold rating on Carvana (NYSE:CVNA) and raises the price target from $150 to $185.
October 22, 2024 | 1:33 pm
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Jefferies analyst John Colantuoni maintains a Hold rating on Carvana and raises the price target from $150 to $185.
The increase in the price target from $150 to $185 suggests a positive outlook on Carvana's future performance, which could lead to a short-term increase in stock price. However, the Hold rating indicates that the analyst does not see a strong buy opportunity, which tempers the positive impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100