.August 26, 2024 12:07:50 AM

CAVA’s stock rally on the NYSE showcases resilience and growth potential despite economic headwinds. Cowen & Co. upgrades to Buy with a raised price target, reflecting confidence in CAVA’s trajectory. Financial achievements include revenue of $233.5 million and net income of $19.74 million, highlighting robust financial health. EBITDA for the quarter is approximately $34.08 million, with an EPS of $0.17. With a positive market response and strong performance indicators, CAVA emerges as a compelling growth play in the consumer discretionary sector, offering investors opportunities for growth and profitability.