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JPMorgan Just Raised Its Price Target on Carvana (CVNA) Stock
Carvana Carvana (US:CVNA) InvestorPlace·2024-05-02 15:27

Carvana (NYSE:CVNA) stock is on the move Thursday after the used car retailer’s share got a new price target from JPMorgan analyst Rajat Gupta.This has the JPMorgan analyst increasing his price target for CVNA stock from $70 per share to $130 per share. That represents a potential upside of 49.2% over its closing price yesterday. It’s also bullish next to the analysts’ consensus price prediction of $70 per share.To go along with that, Gupta upgraded the firm’s rating for CVNA from “neutral” to “overweight” ...