1 Wall Street Analyst Thinks Cava Stock Is Going to $158. Is It a Buy?

Cava Group (NYSE: CAVA) is one of the hottest restaurant growth stocks to come along in a while. It rocketed to more than $170 in 2024 before pulling back late in the year.But Argus Research analyst Christine Dooley sees the dip as a buying opportunity. Dooley recently reiterated her buy rating on the shares, as well as the $158 price target she gave them in November. That figure is 37% higher than the current $115 share price.Cava is growing at impressive rates. Revenue grew 39% year-over-year in the third quarter. The company is driving growth by opening more locations, but what's most impressive is the growth at existing restaurants. Same-restaurant sales were up 18% over the year-ago quarter.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool