TD Cowen has adjusted its price target for Cava Group (CAVA, Financial) from $130 to $120 while maintaining a Buy rating for the stock. The adjustment comes as a result of the recent downturn in the market which has affected valuations, particularly in the fast casual dining sector.
Despite the decrease in the price target, the firm indicates that Cava's current valuation is more attractive, suggesting there could be substantial potential for growth from its present levels. This reflects an opportunity for investors as the market continues to recalibrate.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 14 analysts, the average target price for Cava Group Inc (CAVA, Financial) is $118.64 with a high estimate of $175.00 and a low estimate of $100.00. The average target implies an upside of 37.96% from the current price of $86.00. More detailed estimate data can be found on the Cava Group Inc (CAVA) Forecast page.
Based on the consensus recommendation from 18 brokerage firms, Cava Group Inc's (CAVA, Financial) average brokerage recommendation is currently 1.9, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
