Used car dealer Carvana rose more than 14% with huge potential upside Piper Sandler upgraded to “buy”

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Gelonghui September 12丨 Used car dealer Carvana (CVNA.US) rose more than 14% to $41.91. Piper Sandler upgraded the company to “buy” from “neutral” but lowered its price target to $73 from $98. Analysts at Piper Sandler said Carvana is severely undervalued, and while the stock price could “easily continue to fall” in the near term, “such a large potential upside” outweighs market risk.

Responsible editor: Guo Mingyu