Argus keeps a Buy rating and $158 price target on Cava Group (CAVA) while naming the stock the firm’s 2025 Top Pick in Consumer Discretionary. Cava shares have outperformed the broader market and the industry over the past three months, gaining 39% compared to a 6% increase in the S&P 500, and the management credits the strong performance to the pace of new store openings that is ahead of schedule and higher-priced menu items, the analyst tells investors in a research note.
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Read More on CAVA:
- Cava Group price target lowered to $127 from $142 at Barclays
- CAVA Group Insider Selling Slams Shares and Shakes Investor Confidence
- Cava CFO sees raising prices less than 3% in early 2025
- Cava price target raised to $158 from $128 at Argus (earlier)
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