There’s a lot to be optimistic about in the Consumer Cyclical sector as 2 analysts just weighed in on CarGurus (CARG – Research Report) and Birkenstock Holding plc (BIRK – Research Report) with bullish sentiments.
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CarGurus (CARG)
In a report released yesterday, Marvin Fong from BTIG reiterated a Buy rating on CarGurus, with a price target of $40.00. The company’s shares closed last Thursday at $37.59.
According to TipRanks.com, Fong is a 1-star analyst with an average return of -0.2% and a 42.2% success rate. Fong covers the NA sector, focusing on stocks such as SunCar Technology Group, Carvana Co, and Beyond Inc.
Currently, the analyst consensus on CarGurus is a Strong Buy with an average price target of $42.88, representing a 13.7% upside. In a report released today, William Blair also maintained a Buy rating on the stock.
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Birkenstock Holding plc (BIRK)
BTIG analyst Janine Stichter reiterated a Buy rating on Birkenstock Holding plc yesterday and set a price target of $70.00. The company’s shares closed last Thursday at $54.02.
According to TipRanks.com, Stichter is a 4-star analyst with an average return of 10.2% and a 47.8% success rate. Stichter covers the NA sector, focusing on stocks such as Lululemon Athletica, Duluth Holdings, and Steven Madden.
Currently, the analyst consensus on Birkenstock Holding plc is a Strong Buy with an average price target of $68.68, a 28.3% upside from current levels. In a report issued on February 12, Citi also maintained a Buy rating on the stock with a $65.00 price target.
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