CAVA Group Inc (CAVA) PT Lowered to $80 at JPMorgan, Overweight Rating Maintained
JPMorgan analyst John Ivankoe lowered the price target on CAVA Group Inc (NYSE: CAVA) to $80.00 (from $85.00) while maintaining an Overweight rating.
The analyst commented, "We were pleased to host CEO Brett Schulman, CFO Tricia Tolivar and IR Matt Milanovich in-CAVA at a new restaurant near DuPont Circle/GW campus. This restaurant was an April 29, 2026 opening and the preferred example of a 7-day a week, 2 daypart business centered around in-person ordering & inviting on-premise seating matched with a highly organized digital pick-up area. We recommend investors buy shares of CAVA now for the focused national-brand medium & long term opportunity supported by a cash-heavy corporate structure."
