CAVA Group Inc (Symbol: CAVA) has seen its shares rise to $85.67, surpassing the average analyst 12-month target price of $75.73. This movement prompts questions regarding analyst reactions, which could involve downgrading due to valuation or adjusting targets higher based on positive company developments.
Among the 22 analysts covering CAVA, there is a wide range of price targets, with a low of $51.00 and a high of $120.00. The standard deviation of these targets is $13.04, highlighting variability in expectations. Recently, there are 15 strong buy ratings, one buy rating, and nine hold ratings, with no sell or strong sell ratings, leading to an average rating of 1.76 on a scale where 1 is strong buy and 5 is strong sell.
This increase in share price invites investors to reassess the company’s value, considering whether it could reach even higher or if the current price signals a need to take profits.
