- CAVA Group (CAVA, Financial) shares experience a premarket surge following an upgrade from Bernstein.
- Bernstein sets a $115 price target, indicating a potential 40% increase in stock value.
- Wall Street analysts project an average price target of $117.64, revealing a promising outlook for CAVA.
CAVA Group (CAVA) shares jumped by 7% in premarket trading after receiving an upgrade from Bernstein, which shifted its rating to "Outperform" with a new price target of $115. This target suggests a potential upside of over 40%. Analyst Danilo Gargiulo cited CAVA's impressive same-store sales performance and robust growth strategies as key factors, emphasizing the company's ability to thrive in challenging markets due to its affluent customer base.
Wall Street Analysts Forecast
Fourteen analysts have provided one-year price targets for Cava Group Inc (CAVA), with the average target set at $117.64. These estimates range from a high of $175.00 to a low of $90.00, indicating a promising potential upside of 30.69% from the current price of $90.02. For investors seeking more in-depth estimates and data, further details are available on the Cava Group Inc (CAVA, Financial) Forecast page.
The consensus recommendation from 18 brokerage firms emphasizes an "Outperform" status for Cava Group Inc (CAVA), with an average brokerage recommendation of 1.8 on a scale where 1 is a Strong Buy and 5 is a Sell. This strong consensus reflects confidence in CAVA's market position and future growth potential.
