The Latest Analyst Ratings for Shake Shack
Portfolio Pulse from Benzinga Insights
Shake Shack (NYSE:SHAK) received 9 analyst ratings in the last quarter, with an average 12-month price target of $70.78, a decrease of 2.71% from the previous target of $72.75. The ratings include 3 bullish, 1 somewhat bullish, and 5 indifferent, with no bearish or somewhat bearish ratings. The high price target is $85.00 and the low is $59.00.
December 06, 2023 | 3:01 pm
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NEGATIVE IMPACT
Shake Shack's average analyst price target has been lowered to $70.78, indicating a potential negative sentiment shift among analysts.
The decrease in the average price target suggests that analysts have a slightly more cautious view on Shake Shack's stock potential. This could lead to short-term negative sentiment among investors, potentially impacting the stock price negatively.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100