BTIG Maintains Buy on CarGurus, Raises Price Target to $35
Portfolio Pulse from Benzinga Newsdesk
BTIG analyst Marvin Fong maintains a Buy rating on CarGurus and raises the price target from $30 to $35, indicating a positive outlook for the company's stock.
October 22, 2024 | 4:58 pm
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BTIG analyst Marvin Fong has reaffirmed a Buy rating on CarGurus and increased the price target from $30 to $35, suggesting confidence in the company's future performance.
The analyst's decision to maintain a Buy rating and raise the price target indicates a strong belief in CarGurus' potential for growth. This is likely to positively influence investor sentiment and could lead to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100