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CAVA Group Inc (CAVA) PT Raised to $135 at Morgan Stanley, 'We remain EW mainly on valuation despite the continued positive elements of the story'
November 13, 2024 4:11 PM ESTMorgan Stanley analyst Brian Harbour raised the price target on CAVA Group Inc (NYSE: CAVA) to $135.00 (from $123.00) while maintaining a Equalweight rating.
The analyst comments "We are updating our CAVA model post-3Q earnings yesterday (see here for our thoughts on the quarter: 3Q24 First Take: Selling More Chips (the Non-AI Variety)); PT to $135 from $123, stay EW. Our 4Q SSS estimate moves up to +18.2% from +11.0% prior (pre-results Street at +11.3%) as we see stronger... More
CFRA Upgrades CAVA Group Inc (CAVA) to Buy
November 13, 2024 2:24 PM ESTCFRA analyst Arun Sundaram upgraded CAVA Group Inc (NYSE: CAVA) from Hold to Buy with a price target of $200.00 (from $125.00).
The analyst comments "We raise our 12-month target to $200 from $125, based on a blended valuation (110x 2026 EV/EBITDA; 14x 2026 EV/sales). We lift our... More
ZoomInfo Technologies (ZI) PT Raised to $8.50 at Citi
November 13, 2024 11:58 AM ESTCiti analyst Tyler Radke raised the price target on ZoomInfo Technologies (NASDAQ: ZI) to $8.50 (from $7.00) while maintaining a Sell rating.
The analyst comments "We remain Sell-rated on ZI post Q3 results as we continue to see challenging top-line growth trends extending into 2025 (SMB churn... More
Rocket Cos Inc. (RKT) PT Raised to $15 at BofA Securities
November 13, 2024 9:06 AM ESTBofA Securities analyst Mihir Bhatia raised the price target on Rocket Cos Inc. (NYSE: RKT) to $15.00 (from $14.00) while maintaining a Underperform rating.
The analyst comments "Shares of Rocket Companies (RKT) are trading down pre-market open following a decent 3Q print but issuing a somewhat... More
Instacart (CART) PT Raised to $56 at Stifel
November 13, 2024 8:51 AM ESTStifel analyst Mark Kelley raised the price target on Instacart (NASDAQ: CART) to $56.00 (from $55.00) while maintaining a Buy rating.
The analyst comments "Instacart reported 3Q results that were ahead of expectations (GTV, revenue, EBITDA), and offered a relatively in-line 4Q guide... More
Spotify (SPOT) PT Raised to $440 at Cantor Fitzgerald
November 13, 2024 7:18 AM ESTCantor Fitzgerald analyst Deepak Mathivanan raised the price target on Spotify (NYSE: SPOT) to $440.00 (from $340.00) while maintaining a Neutral rating.
The analyst comments "SPOTs 3Q24 results came in with revenues largely in-line with prior guidance, but subs and MAU beat by... More
Instacart (CART) PT Raised to $56 at Cantor Fitzgerald
November 13, 2024 7:17 AM ESTCantor Fitzgerald analyst Deepak Mathivanan raised the price target on Instacart (NASDAQ: CART) to $56.00 (from $45.00) while maintaining a Overweight rating.
The analyst comments "CART reported 3Q with GTV and EBITDA above Street estimates by 1% and 7%, respectively. Order growth of +10% y/y accelerated by... More
Instacart (CART) PT Raised to $52 at Macquarie
November 13, 2024 7:15 AM ESTMacquarie analyst Ross Compton raised the price target on Instacart (NASDAQ: CART) to $52.00 (from $50.00) while maintaining a Outperform rating.
The analyst comments "Q3 GTV grew 11%, to $8.3bn marginally above our $8.2bn estimate: GTV was helped as order volumes grew 10% to 72.9m. Transaction revenue of $606m beat cons. $602m (FactSet)- with 7.3%... More
Rocket Cos Inc. (RKT) PT Lowered to $18 at RBC Capital
November 13, 2024 6:47 AM ESTRBC Capital analyst Daniel Perlin lowered the price target on Rocket Cos Inc. (NYSE: RKT) to $18.00 (from $20.00) while maintaining a Sector Perform rating.
The analyst comments "Rockets 3Q24 results exceeded our and Street expectations for both adj. revenue and EBITDA, as the... More
Deutsche Bank Reiterates Hold Rating on Rivian Automotive Inc (RIVN)
November 13, 2024 6:37 AM ESTDeutsche Bank analyst Edison Yu reiterated a Hold rating and $12.00 price target on Rivian Automotive Inc (NASDAQ: RIVN).
The analyst comments "Last night, Rivian and VW provided additional details about their deep collaboration first announced back in June. The joint venture between the two companies officially came into fruition, setting up to share R&D and development costs for EV electrical architecture and software that will ultimately be used across multiple models/brands. Notably, the maximum potential investment into Rivian has now increased from its prior value of $5.0bn to ~$5.8bn. The... More
Spotify (SPOT) PT Raised to $500 at Deutsche Bank
November 13, 2024 6:37 AM ESTDeutsche Bank analyst Benjamin Black raised the price target on Spotify (NYSE: SPOT) to $500.00 (from $440.00) while maintaining a Buy rating.
The analyst comments "Spotify posted a strong 3Q print with gross margins that once again came in well above expectations as flow... More
CAVA Group Inc (CAVA) PT Raised to $142 at Barclays
November 13, 2024 6:12 AM ESTBarclays analyst Jeffrey Bernstein raised the price target on CAVA Group Inc (NYSE: CAVA) to $142.00 (from $113.00) while maintaining a Equalweight rating.
The analyst comments "We view CAVA as a premier fast casual concept, with long-term guidance for high-teens revenue growth, supported by 15%+ unit & low-to-mid single-digit comp growth, both proving conservative to date. And such ultimately culminates in... More
ZoomInfo Technologies (ZI) PT Raised to $13 at DA Davidson
November 13, 2024 6:02 AM ESTDA Davidson analyst Gil Luria raised the price target on ZoomInfo Technologies (NASDAQ: ZI) to $13.00 (from $9.50) while maintaining a Neutral rating.
The analyst comments "Following a reset of 2024 expectations in 2Q24, ZoomInfo reported better than feared results and a cautious outlook for 4Q due to... More
Spotify (SPOT) PT Raised to $500 at Evercore ISI
November 13, 2024 5:42 AM ESTEvercore ISI analyst Mark Mahaney raised the price target on Spotify (NYSE: SPOT) to $500.00 (from $460.00) while maintaining a Outperform rating.
The analyst comments "Our View: We maintain our Outperform and raise our PT to $500 in the wake of a Beat & Raise Q3:24.... More
CAVA Group Inc (CAVA) PT Raised to $163 at Citi
November 13, 2024 5:35 AM ESTCiti analyst Jon Tower raised the price target on CAVA Group Inc (NYSE: CAVA) to $163.00 (from $140.00) while maintaining a Neutral rating.
The analyst comments "Rinse, wash and repeat has become the norm with CAVA prints, with the company posting another beat and... More
Instacart (CART) PT Raised to $55 at Citi
November 13, 2024 5:31 AM ESTCiti analyst Ronald Josey raised the price target on Instacart (NASDAQ: CART) to $55.00 (from $47.00) while maintaining a Buy rating.
The analyst comments "With Order & GTV growth accelerating to +10% Y/Y & +11% Y/Y, respectively, 3Q24 results highlight strengthening demand as Instacart improves affordability and... More
