JMP Securities Maintains Market Outperform on Carvana, Raises Price Target to $320
Portfolio Pulse from Benzinga Newsdesk
JMP Securities analyst Nicholas Jones has maintained a Market Outperform rating on Carvana (NYSE:CVNA) and raised the price target from $200 to $320.
October 31, 2024 | 6:45 pm
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JMP Securities has increased Carvana's price target from $200 to $320, maintaining a Market Outperform rating, indicating positive sentiment from analysts.
The increase in price target from $200 to $320 by JMP Securities suggests a strong positive outlook on Carvana's future performance. The Market Outperform rating indicates that the analyst expects Carvana to perform better than the market average, which could lead to increased investor interest and a potential rise in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100