Baird analysts raised the value goal on CAVA Group Inc (CAVA) to $92.00 (from $90.00) whereas sustaining an Outperform score.
The analysts commented: “CAVA delivered one other quarter of very sturdy working outcomes that included significant upside to EBITDA estimates on respectable comps efficiency (above revealed estimates, however maybe under elevated buy-side expectations). Importantly, the tone associated to present enterprise momentum appeared fairly constructive, giving us confidence the corporate is effectively positioned to satisfy or exceed its raised 2024 steering for comps/EBITDA. All in, we stay constructive on CAVA shares based mostly on the corporate’s scarce long-term progress alternative in addition to the continued upward bias to near-term estimates.”
