Cava Group initiated with a Neutral at DA Davidson

As previously reported, DA Davidson initiated coverage of Cava Group (CAVA) with a Neutral rating and $80 price target While DA Davidson projects upside to consensus estimates across FY26/FY27, its optimism already appears to be more than reflected in a lofty valuation of 54 times FY26 EBITDA estimate, the firm told investors in a research note. DA Davidson added that Cava is generating “impressive” unit economics with multiple levers in place to keep the ball rolling in 2026.