1. CAVA reports Q1 earnings on May 15, expecting 15 cents per share. 2. Projected quarterly revenue is $327.71 million, up from $259.01 million. 3. CAVA will replace Altair Engineering in the S&P MidCap 400. 4. Analysts have mixed ratings, with price targets cut across the board. 5. CAVA shares fell 0.2% to close at $99.54 on Wednesday.
Analysts are adjusting price targets downward, which may indicate poor outlook. Historical trends suggest that lowered price targets often lead to negative investor sentiment.
The article discusses upcoming earnings and analyst ratings, crucial for investment decisions. Earnings performance significantly affects stock price behavior in the short term.
Upcoming earnings report may influence price volatility. Short-term reactions to earnings are common, especially with mixed analyst ratings.