- KeyBanc initiates coverage on Cava Group (CAVA, Financial) with an Overweight rating.
- Analysts project CAVA shares could see over 20% upside potential.
- CAVA is positioned as a leader in the Mediterranean fast-casual market.
CAVA Group Inc. (CAVA) experienced a favorable start in early trading with shares rising by 1.4%. This uptick follows KeyBanc's initiation of coverage, offering an Overweight rating and a compelling price target of $100. This target suggests more than 20% upside potential, reinforcing the firm's confidence in CAVA as a frontrunner in the burgeoning Mediterranean fast-casual sector, despite an expected slowdown in same-store sales.
Wall Street Analysts Forecast
According to projections from 13 analysts over the next year, Cava Group Inc (CAVA, Financial) boasts an average target price of $113.02. This includes a high estimate of $125.00 and a low estimate of $90.00. Notably, the average target indicates a substantial upside of 37.29% from the current trading price of $82.32. For more in-depth analysis and estimates, investors can visit the Cava Group Inc (CAVA) Forecast page.
Additionally, the consensus recommendation from 18 brokerage firms places Cava Group Inc (CAVA, Financial) at an average brokerage recommendation of 1.9. This rating suggests an "Outperform" status on a scale where 1 represents a Strong Buy and 5 signifies a Sell. Such an endorsement reflects confidence in CAVA's strategic position and growth trajectory within its niche market.
