Cava Group Inc
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.
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.
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.
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.