Cava is riding a strong wave, but the stock's quadrupling in 2024 has analysts wary
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Cava Group Inc. has seen a significant rise in its stock price, with a 16% increase following better-than-expected earnings. However, analysts are cautious about the stock's quadrupling in 2024.
November 13, 2024 | 1:15 pm
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Cava Group Inc. reported earnings that exceeded Wall Street expectations, resulting in a 16% increase in stock price. Despite this, analysts are cautious about the stock's potential quadrupling in 2024.
Cava's strong earnings report has positively impacted its stock price, leading to a 16% increase. However, the significant rise in stock price over the year has made analysts cautious about future performance, indicating potential volatility.
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