What 10 Analyst Ratings Have To Say About Cheesecake Factory
Portfolio Pulse from Benzinga Insights
Over the past quarter, Cheesecake Factory (NASDAQ:CAKE) received 10 analyst ratings with an average 12-month price target of $31.2, a decrease from the previous target of $34.33. The ratings include 1 somewhat bullish, 6 indifferent, and 3 somewhat bearish. No fully bullish or bearish ratings were given. Analysts provide these ratings to help investors make informed decisions, though they reflect opinions and are subject to human error.
November 20, 2023 | 5:00 pm
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NEUTRAL IMPACT
Cheesecake Factory's average analyst price target has been lowered to $31.2, indicating a negative sentiment shift among analysts. With 1 somewhat bullish, 6 indifferent, and 3 somewhat bearish ratings, the short-term outlook appears mixed.
The reduction in the average price target suggests analysts are somewhat less optimistic about CAKE's future performance. However, the absence of fully bullish or bearish ratings and the presence of mostly neutral ratings indicate a lack of consensus, which typically leads to a neutral short-term impact on the stock price.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100