Consumer companies are showing strength this year, helped by resilient spending, strong travel demand, and a steady shift toward digital services. For investors hoping to find strong picks in March, three names stand out for their momentum, improving fundamentals, and upbeat analyst outlook: DoorDash (DASH), Carvana (CVNA), and Carnival (CCL).
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1. DoorDash (DASH)
DoorDash remains a leader in food and convenience delivery. The company has expanded beyond restaurants into groceries, retail items, and same‑day essentials. Revenue growth remains strong, order frequency is rising, and profitability is improving as the business scales.
Earlier this month, Bernstein’s Nikhil Devnani reiterated a Buy rating and $270 price target on DoorDash stock. He highlighted the company’s steady focus on long‑term reinvestment and growing momentum in grocery and retail.
Devnani noted that U.S. restaurant unit economics gains may slow as DoorDash continues to reinvest, but overall, the company is building toward stronger and more diversified growth.
Turning to Wall Street, DASH stock has a Strong Buy consensus rating based on 21 Buys and seven Holds assigned in the last three months. At $255.73, the average DoorDash stock price target implies upside potential of 68.2%.
2. Carvana (CVNA)
Carvana has pulled off an impressive turnaround. After years of losses, the online used‑car retailer has tightened operations, improved margins, and returned to growth. Also, demand for used cars remains solid, and Carvana’s digital‑first model continues to attract buyers looking for convenience and transparent pricing.
BofA analyst Michael McGovern reiterated a Buy rating and $400 price target on CVNA stock. He sees major market‑share gains ahead as Carvana ramps production and benefits from the shift to online car buying.
Wall Street’s consensus rating for CVNA stock is Strong Buy based on 14 Buys and three Holds. The average analyst price target of $449.94 implies an upside potential of 49.13% from current levels.
3. Carnival (CCL)
Cruise demand is surging, and Carnival is one of the key beneficiaries. The company is witnessing strong bookings across regions, pricing is improving, and onboard spending is hitting new highs. The company is also reducing debt and improving cash flow as travel demand normalizes.
Morgan Stanley’s Jamie Rollo upgraded Carnival stock to Buy with a $31 price target, noting the stock’s recent sell-off looks overdone given its limited Middle East exposure and historically steady European demand.
On TipRanks, analysts have a Strong Buy consensus rating on CCL stock based on 11 Buys and two Holds assigned in the past three months. Further, the average Carnival price target of $35.00 per share implies 38.34% upside potential.
