Analyst Ratings Change
Today, Monday July 10th, 8 analysts issued a research report on Cava Group’s stock, commencing coverage of the company.:
- Morgan Stanley & Co. has initiated coverage with an “Equal-Weight” rating and a target price of USD 43.
- Stifel Nicolaus has initiated coverage with a “Buy” rating and a target price of USD 48.
- Jefferies & Company has initiated coverage with a “Buy” rating and a target price of USD 48.
- J.P. Morgan Chase & Co. has initiated coverage with an “Overweight” rating and a target price of USD 45.
- Citigroup has initiated coverage with a “Neutral” rating and a target price of USD 42.
- Robert W. Baird & Co. has initiated coverage with an “Outperform” rating and a target price of USD 50.
- Piper Jaffray Companies has initiated coverage with an “Overweight” rating and a target price of USD 45.
- William Blair & Company has initiated coverage with an “Outperform” rating.
CAVA Stock Forecast
Based on the stock forecast provided by eight analysts, the average analyst target price for CAVA Group Inc. over the next 12 months is USD 45.86. This indicates that the analysts have a positive outlook on the stock and anticipate potential growth in its value.
The average analyst rating for CAVA Group Inc. is “Strong Buy,” suggesting that the majority of analysts who cover the stock recommend purchasing it. This optimistic sentiment may be driven by various factors such as the company’s financial performance, growth prospects, or industry position.
Stock Target Advisor’s analysis is “Very Bearish,” which is based on one negative signal and zero positive signals. It’s important to note that Stock Target Advisor’s analysis may differ from the average analyst rating due to variations in methodologies and criteria used for evaluation.
As of the last closing, CAVA Group Inc.’s stock price was USD 39.62. This price reflects a change of -3.25% over the past week, with no change over the past month and no change over the last year. These figures indicate relatively stable stock performance in the short term and no significant change in value over the past year.
