Jefferies analyst John Colantuoni raised the firm’s price target on Carvana (CVNA) to $550 from $475 and keeps a Buy rating on the shares. The firm recommends staying selective across Internet stocks, as incremental investments could limit margin expansion and concerns around AI disintermediation could limit multiple appreciation, the analyst tells investors in the firm’s “2026 Internet Playbook” note.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CVNA:
- Why Penny Stock Nextdoor Holdings (NXDR) Is Jumping for a Second Straight Day
- Why Carvana’s (CVNA) S&P 500 Promotion Silences Its Bearish Critics
- Carvana participates in a conference call with BTIG
- Carvana price target raised to $465 from $390 at Barclays
- Ares Management Stock (ARES) Jumps 9% on Joining the S&P 500 Index