Financial firms boost CAVA Group's price targets after strong earnings and revenue growth.

Several financial firms have raised their price targets for CAVA Group, with Citi increasing its target to $163.00 and Stifel to $175.00. CAVA reported earnings of $0.15 per share, beating estimates by $0.04, with revenue up 38.9% to $243.82 million. The stock received a "Moderate Buy" consensus rating with an average target price of $136.57. Insiders have sold 304,994 shares in the last quarter, while institutional investors own 73.15% of the stock. CAVA's market cap is $19.16 billion, with a P/E ratio of 391.97.

November 13, 2024
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