Oppenheimer Maintains Outperform on Shake Shack, Raises Price Target to $80
Portfolio Pulse from Benzinga Newsdesk
Oppenheimer analyst Michael Tamas has maintained an Outperform rating on Shake Shack (NYSE:SHAK) and increased the price target from $70 to $80.
January 05, 2024 | 6:36 pm
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Oppenheimer has reaffirmed Shake Shack's Outperform rating and raised the price target from $70 to $80, indicating a positive outlook on the stock.
The increase in price target by a reputable analyst like Michael Tamas suggests a strong conviction in Shake Shack's future performance. This is likely to be viewed positively by investors and could lead to a short-term increase in the stock price as market sentiment around the company improves.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100