JP Morgan Maintains Overweight on Carvana, Raises Price Target to $300
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Rajat Gupta maintains an Overweight rating on Carvana (NYSE:CVNA) and raises the price target from $230 to $300.
October 31, 2024 | 2:39 pm
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JP Morgan analyst Rajat Gupta has maintained an Overweight rating on Carvana and increased the price target from $230 to $300, indicating a positive outlook on the stock.
The increase in price target from $230 to $300 by a major financial institution like JP Morgan suggests a strong positive sentiment towards Carvana's future performance. This is likely to boost investor confidence and potentially drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100