Goldman Sachs analyst Christine Cho initiated coverage of Cava Group (CAVA) with a Neutral rating and $74 price target implying 17% upside. The firm sees a “robust” long-term growth potential for Cava with market share gains and an “attractive” return profile. However, this is balanced with near-term same-store-sales growth uncertainties due to difficult compares and a tougher macro backdrop, the analyst tells investors in a research note. As such, Goldman looks for a better entry point to become more constructive on the stock.
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