- CAVA Group surpasses first-quarter earnings projections, showcasing strong financial performance.
- Analyst forecasts suggest a potential upside of over 15% for CAVA stock.
- Brokerage recommendations highlight an "Outperform" status for CAVA Group.
CAVA Group (CAVA, Financial) recently announced its first-quarter financial results, delivering a Non-GAAP EPS of $0.22, which surpassed analyst expectations by $0.07. The company's revenue hit $331.8 million, reflecting a notable 28.1% growth compared to the previous year, and exceeded forecasts by $4.09 million. In addition, CAVA Group has updated its fiscal 2025 outlook, highlighting plans for robust restaurant expansions and sustained sales increments.
Wall Street Analysts Forecast
According to insights from 15 financial analysts, the average price target for Cava Group Inc (CAVA, Financial) over the next year is $114.68. This projection includes a high estimate of $175.00 and a low estimate of $90.00, suggesting a potential upside of 15.77% from its current trading price of $99.06. Investors can explore more detailed forecast data on the Cava Group Inc (CAVA) Forecast page.
In terms of brokerage recommendations, 19 firms collectively rate Cava Group Inc (CAVA, Financial) with an average recommendation score of 1.9, which translates to an "Outperform" status. This rating is derived from a scale of 1 to 5, where 1 signifies a Strong Buy, and 5 indicates a Sell.
