10 Jim Cramer Stocks with Huge Upside Potential

8. CAVA Group, Inc. (NYSE:CAVA)

Average Price Target Upside: 21.74%

Number of Hedge Fund Holders: 47

On April 29, Cramer was asked about CAVA Group, Inc. (NYSE:CAVA), and he replied:

“I like it here. I like it here for the long term. Why? Because I think the Mediterranean is a kind of food that can be like Chipotle, it can be the previous, you know, just the way Chipotle had a big run. I think Cava can too.”

CAVA (NYSE:CAVA) operates a fast-growing chain of restaurants offering Mediterranean-style cuisine nationwide. On April 23, Bernstein analyst Danilo Gargiulo upgraded CAVA to Outperform from Market Perform while keeping the price target at $115. The firm noted that the 30% drop in shares this year, despite no significant changes to the company’s long-term outlook, prompted a reassessment of the risk/reward balance ahead of Q1 earnings. The analyst believes the company is well-positioned to grow in a slowing market.

Bernstein pointed out that with a cautious 6%-8% same-store sales forecast for 2025, which includes expected slowdown in the second half, strong sales so far this year, and several opportunities to gain market share, CAVA (NYSE:CAVA) stands out as one of the few consumer companies likely to maintain its guidance despite broader uncertainties. The firm sees potential for the company to achieve 10% same-store sales growth and believes it will prove more resilient than some investors expect.