CAVA Group’s Buy Rating and $90 Target Fuel 2.2% Premarket Rally
CAVA•UBS upgraded CAVA Group to Buy from Neutral, raising its price target to $90 from $85 on expectations of resilient same-store sales and accelerating unit expansion. CAVA shares jumped 2.2% in premarket trading at $77.99, up nearly 30% year-to-date but still below April’s $98.79 high.
1. UBS Upgrade and Price Target
UBS raised its rating on CAVA Group to Buy from Neutral and lifted the price target to $90 from $85, citing resilient same-store sales, differentiated menu offerings, and potential for accelerated unit growth following a share pullback since April.
2. Stock Price Reaction and Performance
In premarket trading, CAVA shares rose 2.2% to $77.99. The stock has gained nearly 30% in 2026 but remains below its April 21 high of $98.79, eyeing a fifth consecutive session of gains.
3. Broker Consensus and Analyst Sentiment
Of 30 analysts covering CAVA, 18 maintain Buy-or-better ratings while 12 hold Neutral or worse. The upgrade by UBS bolsters overall bullish sentiment toward the Mediterranean fast-casual chain.
4. Options Market Indicators
Options data show a put/call open interest ratio of 1.52, ranking above 98% of readings over the past year, and short interest at 12.2% of float. Volatility expectations are low with a 57% volatility index at the 22nd percentile and a volatility score of 93.
