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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.
  • 5 stocks we like better than CAVA Group.

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Should you invest $1,000 in CAVA Group right now?

Before you consider CAVA Group, you'll want to hear this.

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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)
3.2789 of 5 stars		$144.85+3.7%N/A314.88Moderate Buy$143.80
Johnson & Johnson (JNJ)
4.9657 of 5 stars		$155.79+1.8%3.18%22.55Moderate Buy$175.94
Kenvue (KVUE)
3.1185 of 5 stars		$24.10+1.3%3.40%43.82Hold$22.64
Nextracker (NXT)
4.0057 of 5 stars		$37.69+0.3%N/A9.40Moderate Buy$55.15
Compare These Stocks  Add These Stocks to My Watchlist 


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