On July 15, CAVA Group Inc. rose 5.19% in regular trading, trading at $73.99/share, with turnover of $17.7371 million.

On the news front, Morgan Stanley upgraded CAVA Group from Equalweight to Overweight and raised its price target from $86 to $90. According to FactSet, CAVA Group currently holds an average analyst rating of Overweight with a consensus price target of $94.41, implying significant upside from the current trading level.

The upgrade follows a period of positive momentum for the stock, which had already gained over 5% on July 11. Earlier this year, multiple analysts adjusted their outlooks on the company, with Truist raising its target to $80 from $78 while maintaining a Buy rating, and UBS lifting its target to $69 from $66 with a Neutral stance. CAVA Group most recently reported Q4 adjusted EPS of $0.04, beating consensus estimates of $0.03 by approximately 54%, with revenue of $274.985 million also exceeding expectations.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)