UBS Upgrades CAVA to Buy, Calling Recent Pullback an Entry Point

UBS upgraded CAVA Group from Neutral to Buy.

The bank raised its price target for the stock to $90 from $85.

CAVA's same-store sales growth outperformed industry peers despite a difficult economic environment.

UBS identified the recent stock price pullback as an attractive entry point for investors.

The firm expects CAVA to exceed its goal of 1,000 locations by 2032.

The company maintains an annual store growth rate of 15% or more.

Analysts highlighted healthy returns on new units and a differentiated Mediterranean menu.