Roth Capital Initiates CAVA Group with Buy Rating and $106 Price Target

Apr 22, 2026 16:59 UTC

CAVA

Medium term

Roth Capital has launched coverage of CAVA Group with a bullish outlook. Analysts cite a strong 2026 forecast as a primary driver for further stock appreciation.

Initiation of coverage by Roth Capital
Buy rating assigned to CAVA Group
Price target established at $106
Bullish outlook based on 2026 projections

Roth Capital has officially initiated coverage of CAVA Group (CAVA), assigning the restaurant chain a 'Buy' rating. The move comes as analysts evaluate the company's growth trajectory and operational efficiency within the competitive fast-casual dining sector. The firm believes the current market rally for the stock has further room to expand. This positive outlook is underpinned by a healthy 2026 forecast, suggesting that CAVA's expansion and financial performance are expected to remain robust over the medium term. The research team, led by analyst JP Wollam, has established a price target of $106 for the shares. This target reflects the firm's confidence in the company's ability to sustain its momentum and execute its scaling strategy. Investors may view this initiation as a validation of CAVA's current business model. While the stock has already seen significant gains, Roth Capital suggests that the fundamental outlook for 2026 provides a strong catalyst for continued growth.