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%[1][3].

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[6].[3].

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[6].

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[3].

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[6].

The technical analysis by Nasdaq Dorsey Wright has given CAVA Group a high technical rating, highlighting its strong technical performance in recent times[4].