Cava Group Stock: Strong Bullish Signals Ahead Of Q1 Earnings

Cava Group Inc CAVA reports first-quarter earnings on Tuesday, and Wall Street expects 4 cents in EPS and $245.93 million in revenue when the company reports after the market close.

The stock is up 141.99% over the last six months and 92.95% year-to-date.

Let’s look at what the charts indicate for Cava stock, and how the stock maps against Wall Street estimates.

Cava Stock’s Strong Bullish Trend Ahead Of Q1 Earnings 

Cava’s stock is demonstrating a strongly bullish trend, indicated by its share price of $84.73 being above its five-, 20- and 50-day exponential moving averages.

Chart: Benzinga Pro

This position above key simple moving averages (SMA)—$79.66 (eight-day SMA), $76.39 (20-day SMA) and $69.47 (50-day SMA) — is a clear bullish signal, suggesting ongoing buying pressure and positive momentum.

Additionally, the 200-day SMA at $48.53 reinforces this bullish outlook.

Chart: Benzinga Pro

The Moving Average Convergence Divergence (MACD) at 3.65 further supports the bullish trend. The Relative Strength Index (RSI) of 70.15 indicates the stock is trading in overbought territory.

Despite this, the stock is trading within Bollinger Bands and in the upper band, indicating bullishness, suggesting that Cava stock has the potential for continued upward movement.

Also Read: Expert Outlook: Cava Group Through The Eyes Of 15 Analysts

Cava Analyst Consensus Ratings

Cava Ratings & Consensus Estimates: The consensus analyst rating on Cava stock stands at a Buy currently. The latest analyst ratings from Stifel, Citigroup and Wedbush, released on April 16 onward, imply an average price target of $81.67 for Cava stock, suggesting 6.02% downside.

CAVA Price Action: Cava stock was trading at $84.82 at the time of publication Tuesday.

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Photo courtesy of Cava Group.