Top Wall Street analysts are bullish on these five stocks

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TipRanks analyst ranking service pinpoints Wall Street's best-performing stocks, including Nvidia and Apple.

last month. The rally in CAVA shares since its initial public offering reflects investors' optimism about the fast-casual restaurant chain's growth prospects. Cava has expanded to 263 locations since it opened its first restaurant in 2011.initiated a buy rating on Cava with a price target of $48. The analyst sees robust growth potential, given the company's plan to expand to at least 1,000 restaurant locations in the U.S. by 2032.

O'Cull expects the company's growth plans to be backed by a healthy balance sheet. He noted that following the IPO, Cava had about $340 million in cash on hand and no funded debt. The analyst estimates annual revenue growth of 20% during the next four years, driven by at least 15% growth in Cava's footprint.

"In our view, the stock's premium valuation can be justified by its AUV [average unit volume] and unit count growth opportunity and the potential for solid operating momentum to cause upward revisions to near-term estimates and long-term earnings potential," said O'Cull. O'Cull is ranked 349th among more than 8,400 analysts tracked by TipRanks. His ratings have been profitable 62% of the time, with each rating delivering an average return of 12.3%. (See

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