CAVA Group Stock Sees Mixed Analyst Sentiment and Price Target Adjustments

As of November 11, 2024, CAVA Group Inc. (NYSE: CAVA) is experiencing a mix of analyst sentiments and price target adjustments that are influencing its stock performance. The company’s stock is currently trading at $147.65, with a slight increase of 0.31%.

Recent analyst actions have been significant. Barclays raised its price target on CAVA Group shares from $95.00 to $113.00, maintaining an “equal weight” rating. This move reflects a more optimistic outlook from some analysts..

Robert W. Baird also increased its target price for CAVA Group from $125.00 to $148.00, assigning an “outperform” rating. Similarly, Citigroup raised its target price from $115.00 to $140.00, though with a “neutral” rating.

Despite these positive adjustments, the overall consensus among Wall Street analysts suggests a moderate buy recommendation. The average twelve-month price target for CAVA Group is $120.36, with a range from $90.00 to $148.00. This indicates a potential downside of -10.38% from the current price.

CAVA Group is set to announce its third-quarter 2024 financial results on November 12, 2024, which could provide further clarity on the company’s performance and influence future stock movements.

The technical analysis by Nasdaq Dorsey Wright has given CAVA Group a high technical rating, highlighting its strong technical performance in recent times.