CAVA Stock Recent News
CAVA LATEST HEADLINES
Cava Group (CAVA) reachead $134.16 at the closing of the latest trading day, reflecting a +0.19% change compared to its last close.
Does Cava Group (CAVA) have what it takes to be a top stock pick for momentum investors? Let's find out.
CAVA Group (CAVA) stock price is firing on all cylinders, making it one of the best-performing companies in the US. It has jumped by over 194% this year, beating Nvidia and MicroStrategy, which have risen by 152% and 180% this year.
The recent IPO, compared favorably to Chipotle, has found a "magic formula" with earnings set to double. Cava stock has nearly tripled this year.
Recently, Zacks.com users have been paying close attention to Cava (CAVA). This makes it worthwhile to examine what the stock has in store.
With the year's third quarter in the record books, growth investors may be wondering which firms have been standout performers.
Cava Group (CAVA) reachead $122.43 at the closing of the latest trading day, reflecting a -1.15% change compared to its last close.
Cava has earned a $135 price target, implying upside of about 6% from its share price on Friday, and ‘Neutral' rating in initial coverage by analysts at UBS. Analysts see the fast-casual Mediterranean category leader generating 20%-plus in revenue growth over the next three years.
CAVA benefits from strong expansion efforts, including new market entries and double-digit same-store sales growth.
Chipotle Mexican Grill is up over 6,000% since its initial public offering. Cava Group's business model is similar to Chipotle's, just with a different food focus.