What is the current Price Target and Forecast for CAVA Group, Inc. (CAVA) (2024)

(Delayed Data from NYSE)

$88.16 USD

88.16

13,243,620

+5.76 (6.99%)

Updated May 29, 2024 04:00 PM ET

After-Market: $87.08 -1.08 (-1.23%) 7:26 PM ET

Zacks Rank:

This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. How good is it? See rankings and related performance below.

Zacks Rank Definition Annualized Return
1Strong Buy24.08%
2Buy17.91%
3Hold9.44%
4Sell5.10%
5Strong Sell2.55%
S&P50011.04%

Zacks Rank Education - Learn about the Zacks Rank

Zacks Rank Home - Zacks Rank resources in one place

Zacks Premium - The only way to fully access the Zacks Rank

2-Buy of 5 2

Style Scores:

The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style.

The scores are based on the trading styles of Value, Growth, and Momentum. There's also a VGM Score ('V' for Value, 'G' for Growth and 'M' for Momentum), which combines the weighted average of the individual style scores into one score.

Value Score A
Growth Score A
Momentum Score A
VGM Score A

Within each Score, stocks are graded into five groups: A, B, C, D and F. As you might remember from your school days, an A, is better than a B; a B is better than a C; a C is better than a D; and a D is better than an F.

As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style.

Zacks Style Scores Education - Learn more about the Zacks Style Scores

FValue | BGrowth | CMomentum | CVGM

Industry Rank:

The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank.

An industry with a larger percentage of Zacks Rank #1's and #2's will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4's and #5's.

The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%.

Zacks Rank Education -- Learn more about the Zacks Rank
Zacks Industry Rank Education -- Learn more about the Zacks Industry Rank

Bottom 29% (176 out of 249)

Industry: Retail - Restaurants

View All Zacks #1 Ranked Stocks

What is the current Price Target and Forecast for CAVA Group, Inc. (CAVA) (2) Better trading starts here.

Cava Group (CAVA) Price Targets

Average Price Target Highest Price Target Lowest Price Target Downside to Average Price Target
$68.91 $90.00 $53.00 -16.37%

Price Target

Based on short-term price targets offered by 11 analysts, the average price target for Cava Group comes to $68.91. The forecasts range from a low of $53.00 to a high of $90.00. The average price target represents a decline of 16.37% from the last closing price of $82.40.

Analyst Price Targets (11)

Last Close 82.40

Average 68.91 -16.37% Downside Low 53.00 -35.68% Downside High 90.00 9.22% Upside

Broker Rating

Cava Group currently has an average brokerage recommendation (ABR) of 1.61 on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell etc.) made by 14 brokerage firms. The current ABR compares to an ABR of 1.61 a month ago based on 14 recommendations.

Of the 14 recommendations deriving the current ABR, nine are Strong Buy and one is Buy. Strong Buy and Buy respectively account for 64.29% and 7.14% of all recommendations. A month ago, Strong Buy made up 64.29%, while Buy represented 7.14%.

Broker Rating Breakdown

What is the current Price Target and Forecast for CAVA Group, Inc. (CAVA) (3)

Today1 Week Ago1 Month Ago2 Months Ago3 Months Ago
Strong Buy99988
Buy11111
Hold44444
Sell00000
Strong Sell00000
ABR1.611.611.611.651.65

1. Not Ident. Many of the brokerage firms who provide Zacks data ask that we keep their identity confidential.

2. In most cases the # of brokers listed above is less than the # of brokerage firms that have a recommendation on the stock. That is because some firms prohibit Zacks from displaying detailed information on their recommendations such as in the upgrade/downgrade table.

DateBrokerage FirmAnalystPreviousCurrent
4/22/2024Not IdentifiedNot IdentifiedHoldHold
4/16/2024Wedbush Securities Nick SetyanStrong BuyStrong Buy
4/10/2024Argus Research Corp.Christine DooleyHoldStrong Buy
2/28/2024Piper SandlerBrian MullanStrong BuyStrong Buy
2/28/2024Loop Capital MarketsAlton StumpHoldHold
2/27/2024William BlairSharon ZackfiaStrong BuyStrong Buy
2/15/2024Robert W. Baird & Co.David E TarantinoStrong BuyStrong Buy

1. Not Ident. Many of the brokerage firms who provide Zacks data ask that we keep their identity confidential.

2. In most cases the # of brokers listed above is less than the # of brokerage firms that have a recommendation on the stock. That is because some firms prohibit Zacks from displaying detailed information on their recommendations such as in the upgrade/downgrade table.

Current ABR

Zacks provides the average brokerage recommendation (ABR) for thousands of stocks for most of the leading investment web sties. The ABR is the calculated average of the actual recommendations (strong buy, hold, sell etc) made by the brokerage firms for a given stock.

ABR vs Zacks Rank

1.61
ABR (Last week)1.61
# of Recs in ABR14
Average Target Price $68.91
LT Growth RateNA
IndustryRetail - Restaurants
Industry Rank by ABR176 of 252
Current Quarter EPS Est: 0.12
What is the current Price Target and Forecast for CAVA Group, Inc. (CAVA) (2024)

References

Top Articles
Latest Posts
Article information

Author: Carlyn Walter

Last Updated:

Views: 5529

Rating: 5 / 5 (70 voted)

Reviews: 85% of readers found this page helpful

Author information

Name: Carlyn Walter

Birthday: 1996-01-03

Address: Suite 452 40815 Denyse Extensions, Sengermouth, OR 42374

Phone: +8501809515404

Job: Manufacturing Technician

Hobby: Table tennis, Archery, Vacation, Metal detecting, Yo-yoing, Crocheting, Creative writing

Introduction: My name is Carlyn Walter, I am a lively, glamorous, healthy, clean, powerful, calm, combative person who loves writing and wants to share my knowledge and understanding with you.