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Will Cava's Successful Debut Raise Hope For Reviving IPO Market?

Kate Stalter
Written by Kate Stalter
June 21, 2023

Key Points

  • Restaurant chain Cava Group's IPO outperformed expectations, raising $318 million through the sale of 14.4 million shares.
  • Factors that could boost the IPO market include moderating inflation, stable interest rates, and strong growth stocks.
  • There have been 72 IPOs in 2023, a 40.98% decrease compared to the same period in 2022.
  • Johnson & Johnson's spin-off, Kenvue, is forming a post-IPO base after a successful offering.
  • NexTracker, a solar industry software provider, has seen a 66% price increase in its stock price since its IPO.
  • There have been 72 IPOs in 2023, a 40.98% decrease compared to the same period in 2022.
  • Interested in CAVA Group? Here are five stocks we like better.

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While CAVA Group currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.

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Kate Stalter
About The Author

Kate Stalter

Contributing Author

Retirement, Asset Allocation, and Tax Strategies

Learn More about Kate Stalter
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Companies Mentioned in This Article

CompanyMarketRank™Current PricePrice ChangeDividend YieldP/E RatioConsensus RatingConsensus Price Target
CAVA Group (CAVA)
4.2523 of 5 stars		$98.77-0.5%N/A214.71Moderate Buy$136.40
Johnson & Johnson (JNJ)
4.5433 of 5 stars		$162.75-2.0%3.05%24.47Moderate Buy$170.67
Kenvue (KVUE)
3.4349 of 5 stars		$23.22-0.6%3.53%43.81Hold$23.08
Nextracker (NXT)
3.6213 of 5 stars		$47.42+1.9%N/A12.07Moderate Buy$56.50
Compare These Stocks  Add These Stocks to My Watchlist 

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