Morgan Stanley lifts Cava Group Inc [CAVA] price estimate. Who else is bullish?

Cava Group Inc [NYSE: CAVA] surged by $2.74 during the normal trading session on while it closed the day at $116.71.

Cava Group Inc stock has also loss -1.46% of its value over the past 7 days. However, CAVA stock has inclined by 26.80% in the 3 months of the year. Over the past six months meanwhile, it has gained 96.98% and gained 171.54% year-on date.

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The market cap for CAVA stock reached $13.34 billion, with 113.58 million shares outstanding and 94.91 million shares in the current float. Compared to the average trading volume of 3.30M shares, CAVA reached a trading volume of 2362504 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about Cava Group Inc [CAVA]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CAVA shares is $111.55 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on CAVA stock is a recommendation set at 2.25. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Morgan Stanley have made an estimate for Cava Group Inc shares, keeping their opinion on the stock as Equal-Weight, with their previous recommendation back on August 29, 2024. While these analysts kept the previous recommendation, Citigroup dropped their target price from $93 to $115. The new note on the price target was released on August 23, 2024, representing the official price target for Cava Group Inc stock. Previously, the target price had yet another raise to $77, while JP Morgan analysts kept a Neutral rating on CAVA stock. On May 30, 2024, analysts increased their price target for CAVA shares from 63 to 92.

The Average True Range (ATR) for Cava Group Inc is set at 5.63, with the Price to Sales ratio for CAVA stock in the period of the last 12 months amounting to 15.79. The Price to Book ratio for the last quarter was 22.40, with the Price to Cash per share for the same quarter was set at 3.01. Price to Free Cash Flow for CAVA in the course of the last twelve months was 1204.18 with Quick ratio for the last quarter at 2.93.

CAVA stock trade performance evaluation

Cava Group Inc [CAVA] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.46. With this latest performance, CAVA shares gained by 41.18% in over the last four-week period, additionally plugging by 96.98% over the last 6 months – not to mention a rise of 176.89% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for CAVA stock in for the last two-week period is set at 64.95, with the RSI for the last a single of trading hit 64.33, and the three-weeks RSI is set at 64.45 for Cava Group Inc [CAVA]. The present Moving Average for the last 50 days of trading for this stock 93.50, while it was recorded at 113.50 for the last single week of trading, and 68.12 for the last 200 days.

Cava Group Inc [CAVA]: An insightful look at the core fundamentals

Cava Group Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.93 and a Current Ratio set at 2.99.

Earnings per share (EPS) analysis for Cava Group Inc [CAVA] stock

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for CAVA. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Cava Group Inc go to 41.90%.