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 Carnival (CCL – Research Report) with bullish sentiments.
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CarGurus (CARG)
B.Riley Financial analyst Naved Khan maintained a Buy rating on CarGurus on December 20 and set a price target of $40.00. The company’s shares closed last Monday at $35.76.
According to TipRanks.com, Khan is a top 100 analyst with an average return of 20.6% and a 63.0% success rate. Khan covers the NA sector, focusing on stocks such as Booking Holdings, ACV Auctions, and TripAdvisor.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for CarGurus with a $41.44 average price target.
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Carnival (CCL)
In a report issued on December 20, Daniel Politzer from Wells Fargo maintained a Buy rating on Carnival, with a price target of $31.00. The company’s shares closed last Monday at $25.68, close to its 52-week high of $27.17.
According to TipRanks.com, Politzer is a 5-star analyst with an average return of 11.2% and a 57.5% success rate. Politzer covers the NA sector, focusing on stocks such as Hilton Worldwide Holdings, Wyndham Hotels & Resorts, and Rush Street Interactive.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Carnival with a $28.33 average price target, implying a 6.8% upside from current levels. In a report issued on December 9, Melius Research also maintained a Buy rating on the stock with a $31.00 price target.
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