Is Cava a Millionaire-Maker Stock?
CAVA (CAVA) The Motley Fool·2024-09-09 17:19
The business is strong, and investors should keep it on their radar. Can Cava (CAVA -0.50%) be a millionaire-maker stock? Well, that obviously depends on how much money a person is willing to invest. Cava trades at about $117 per share, as of this writing. Let's say that an investor buys 7,700 shares. In this scenario, those shares will cost a whopping $900,000. But if it goes up to $130 per share (a meager 11% gain), the stake would be worth $1 million. Most investors don't have $900,000 lying around -- ev ...