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Analysts Are Bullish on Top Consumer Cyclical Stocks: DoorDash (DASH), Carvana Co (CVNA)

Tipranks - Wed Mar 25, 5:12AM CDT

There’s a lot to be optimistic about in the Consumer Cyclical sector as 2 analysts just weighed in on DoorDash (DASH) and Carvana Co (CVNA) with bullish sentiments.

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DoorDash (DASH)

Bank of America Securities analyst Justin Post maintained a Buy rating on DoorDash yesterday and set a price target of $272.00. The company’s shares closed last Monday at $159.98.

According to TipRanks.com, Post is a 5-star analyst with an average return of 20.8% and a 62.1% success rate. Post covers the NA sector, focusing on stocks such as Booking Holdings, Maplebear, and Expedia. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for DoorDash with a $255.73 average price target, a 60.6% upside from current levels. In a report issued on March 21, TipRanks – PerPlexity also upgraded the stock to Buy with a $173.00 price target.

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Carvana Co (CVNA)

In a report released today, Mike McGovern from Bank of America Securities maintained a Buy rating on Carvana Co, with a price target of $400.00. The company’s shares closed last Monday at $299.60.

According to TipRanks.com, McGovern is a 2-star analyst with an average return of 1.0% and a 41.5% success rate. McGovern covers the NA sector, focusing on stocks such as ACV Auctions, Wayfair, and Chewy. ;'>

Currently, the analyst consensus on Carvana Co is a Strong Buy with an average price target of $449.94, representing a 54.5% upside. In a report issued on March 20, TipRanks – Google also upgraded the stock to Buy with a $324.00 price target.

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