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

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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Kate Stalter

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Companies Mentioned in This Article

Company	MarketRank™	Current Price	Price Change	Dividend Yield	P/E Ratio	Consensus Rating	Consensus Price Target
CAVA Group (CAVA)	2.0345 of 5 stars 2.03 / 5 stars	$79.82	+2.0%	N/A	194.69	Moderate Buy	$82.75
Johnson & Johnson (JNJ)	4.7786 of 5 stars 4.78 / 5 stars	$160.68	+0.7%	3.09%	10.02	Hold	$173.00
Kenvue (KVUE)	3.0128 of 5 stars 3.01 / 5 stars	$18.69	+2.4%	4.28%	23.96	Hold	$22.45
Nextracker (NXT)	4.4421 of 5 stars 4.44 / 5 stars	$47.28	+2.0%	N/A	14.07	Moderate Buy	$59.59