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Analysts Offer Insights on Consumer Cyclical Companies: Carvana Co (CVNA) and Rush Street Interactive (RSI)

Companies in the Consumer Cyclical sector have received a lot of coverage today as analysts weigh in on Carvana Co (CVNAResearch Report) and Rush Street Interactive (RSIResearch Report).

Carvana Co (CVNA)

Needham analyst Chris Pierce maintained a Hold rating on Carvana Co today. The company’s shares closed last Wednesday at $87.09, close to its 52-week high of $94.04.

According to TipRanks.com, Pierce is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of -24.6% and a 30.3% success rate. Pierce covers the NA sector, focusing on stocks such as ChargePoint Holdings, Rivian Automotive, and Lucid Group.

The word on The Street in general, suggests a Hold analyst consensus rating for Carvana Co with a $84.73 average price target, which is a 2.6% upside from current levels. In a report released today, RBC Capital also upgraded the stock to Hold with a $130.00 price target.

See today’s best-performing stocks on TipRanks >>

Rush Street Interactive (RSI)

In a report released today, Bernie McTernan from Needham reiterated a Buy rating on Rush Street Interactive, with a price target of $9.00. The company’s shares closed last Wednesday at $6.42.

According to TipRanks.com, McTernan is ranked 0 out of 5 stars with an average return of -5.7% and a 39.0% success rate. McTernan covers the NA sector, focusing on stocks such as Genius Sports Limited, Fiverr International, and Zillow Group Class C.

Currently, the analyst consensus on Rush Street Interactive is a Strong Buy with an average price target of $8.71, implying a 37.2% upside from current levels. In a report issued on April 19, Craig-Hallum also upgraded the stock to Buy with a $8.00 price target.

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