Why CAVA Stock Popped Today

CAVA Group, Inc. CAVA shares are rising Monday after several firms initiated coverage on the stock with bullish ratings and price targets.

What To Know: Citigroup analyst Jon Tower initiated coverage on Cava Group with a Neutral rating and announced a price target of $42.
JP Morgan analyst John Ivankoe initiated coverage on Cava Group with a Overweight rating and announced a price target of $45.
Jefferies analyst Alexander Slagle initiated coverage on Cava Group with a Buy rating and announced a price target of $48.
Stifel analyst Chris O'Cull initiated coverage on Cava Group with a Buy rating and announced a price target of $48.
Morgan Stanley analyst Brian Harbour initiated coverage on Cava Group with a Equal-Weight rating and announced a price target of $43.
Piper Sandler analyst Brian Mullan initiated coverage on Cava Group with a Overweight rating and announced a price target of $45.
William Blair analyst Sharon Zackfia initiated coverage on Cava Group with a Outperform rating.

CAVA Price Action: Shares of CAVA were up 10.9% at $43.93 at the time of publication, according to Benzinga Pro.