Cava Group price target raised to $90 from $85 at TD Cowen

TD Cowen analyst Andrew Charles raised the firm’s price target on Cava Group (CAVA) to $90 from $85 and keeps a Buy rating on the shares following the earnings report. The company “delivered on the investor wishlist,” the analyst tells investors in a research note. The firm says Cava guided 2026 to a better than expected to 3%-5% sales growth, announced strategic actions to sustain Q1-to-date 5%-plus performance while cycling easier compares, and embedding a headwind from new store maturation, the analyst tells investors in a research note.