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Analysts Offer Insights on Consumer Cyclical Companies: Carvana Co (CVNA), SharkNinja, Inc. (SN) and Shake Shack (SHAK)

Tipranks - Thu Aug 6, 11:34AM CDT

There’s a lot to be optimistic about in the Consumer Cyclical sector as 3 analysts just weighed in on Carvana Co (CVNA), SharkNinja, Inc. (SN) and Shake Shack (SHAK) with bullish sentiments.

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Carvana Co (CVNA)

J.P. Morgan analyst Rajat Gupta CFA maintained a Buy rating on Carvana Co yesterday. The company’s shares closed last Wednesday at $69.03, close to its 52-week low of $67.61.

According to TipRanks.com, CFA is a 4-star analyst with an average return of 7.2% and a 49.3% success rate. CFA covers the NA sector, focusing on stocks such as Penske Automotive Group, Camping World Holdings, and Group 1 Automotive. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Carvana Co with a $85.21 average price target, representing a 22.9% upside. In a report issued on July 20, Morgan Stanley also maintained a Buy rating on the stock with a $102.00 price target.

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SharkNinja, Inc. (SN)

William Blair analyst Phillip Blee reiterated a Buy rating on SharkNinja, Inc. today. The company’s shares closed last Wednesday at $178.00.

According to TipRanks.com, Blee is a 4-star analyst with an average return of 9.7% and a 54.4% success rate. Blee covers the NA sector, focusing on stocks such as Somnigroup International, Driven Brands Holdings, and Floor & Decor Holdings. ;'>

SharkNinja, Inc. has an analyst consensus of Strong Buy, with a price target consensus of $169.90, representing a 0.4% upside. In a report issued on July 29, Piper Sandler also maintained a Buy rating on the stock with a $181.00 price target.

Shake Shack (SHAK)

In a report released today, Sharon Zackfia from William Blair maintained a Buy rating on Shake Shack. The company’s shares closed last Wednesday at $73.50.

According to TipRanks.com, Zackfia is a 3-star analyst with an average return of 3.4% and a 45.1% success rate. Zackfia covers the NA sector, focusing on stocks such as Birkenstock Holding plc, OneSpaWorld Holdings, and Lululemon Athletica. ;'>

Currently, the analyst consensus on Shake Shack is a Moderate Buy with an average price target of $80.45, which is a 20.1% upside from current levels. In a report issued on July 31, Mizuho Securities also maintained a Buy rating on the stock with a $80.00 price target.

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