Changes in US stocks | Received an increase in RBC's rating and target price, Carvana (CVNA.US) increased by more than 6%

Zhitongcaijing · 6d ago

The Zhitong Finance App learned that on Tuesday, the stock price of the US used car e-commerce platform Carvana (CVNA.US) rose. As of press release, the stock had risen more than 6% to $201.49. The Royal Bank of Canada (RBC) raised the company's rating, saying the recent pullback provided an opportunity to break the bottom. This is the first time that short seller Hindenburg has received an upward rating since the company recently took aim. The bank's analysts Brad Erickson and Khadijah Gibson upgraded the stock's rating to “buy” and raised their target price from $270 to $280.