Rover Group price target raised to $9 from $8 at Canaccord

Canaccord raised the firm’s price target on Rover Group to $9 from $8 and keeps a Buy rating on the shares. The firm said Rover Group shares have steadily moved higher throughout 2023, reflecting ongoing execution across strategic initiatives that have resulted in solid growth and operating leverage, and they continue to see strong potential for further upward estimate revisions as the macro backdrop normalizes and as international markets mature.