CAVA Group, Inc. (CAVA)
NYSE: CAVA · IEX Real-Time Price · USD
69.16
+6.57 (10.50%)
At close: Apr 26, 2024, 4:01 PM
69.22
+0.06 (0.09%)
After-hours: Apr 26, 2024, 7:54 PM EDT
CAVA Group Stock Forecast
Stock Price Forecast
The 12 analysts with 12-month price forecasts for CAVA Group stock have an average target of 61.25, with a low estimate of 40 and a high estimate of 74. The average target predicts a decrease of -11.44% from the current stock price of 69.16.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for CAVA Group stock from 14 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 2 | 2 | 2 | 2 | 2 | 4 |
| Buy | 5 | 7 | 7 | 7 | 7 | 6 |
| Hold | 4 | 3 | 4 | 4 | 4 | 4 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 11 | 12 | 13 | 13 | 13 | 14 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Wedbush | Wedbush | Buy Maintains $65 → $74 | Buy | Maintains | $65 → $74 | +7.00% | Apr 16, 2024 |
| Barclays | Barclays | Hold Initiates $58 | Hold | Initiates | $58 | -16.14% | Apr 15, 2024 |
| Morgan Stanley | Morgan Stanley | Buy Maintains $62 → $68 | Buy | Maintains | $62 → $68 | -1.68% | Apr 12, 2024 |
| TD Cowen | TD Cowen | Strong Buy Reiterates $73 | Strong Buy | Reiterates | $73 | +5.55% | Apr 12, 2024 |
| TD Cowen | TD Cowen | Strong Buy Maintains $63 → $73 | Strong Buy | Maintains | $63 → $73 | +5.55% | Apr 11, 2024 |
Financial Forecast
Revenue This Year
889.62M
from 728.70M
Increased by 22.08%
Revenue Next Year
1.06B
from 889.62M
Increased by 18.81%
EPS This Year
0.23
from 0.21
Increased by 10.34%
EPS Next Year
0.32
from 0.23
Increased by 36.10%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 952.4M | 1.1B | 1.4B |
| Avg | 889.6M | 1.1B | 1.3B |
| Low | 809.8M | 924.8M | 1.2B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 30.7% | 28.8% | 30.7% |
| Avg | 22.1% | 18.8% | 21.2% |
| Low | 11.1% | 4.0% | 12.3% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 0.30 | 0.43 | 0.56 |
| Avg | 0.23 | 0.32 | 0.44 |
| Low | 0.14 | 0.25 | 0.34 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 45.0% | 85.8% | 76.5% |
| Avg | 10.3% | 36.1% | 40.3% |
| Low | -34.7% | 5.7% | 8.8% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.