Truist Securities Maintains Buy Rating for Jack In The Box: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Truist Securities has reaffirmed its Buy rating on Jack In The Box (NASDAQ:JACK) and increased its price target from $95.00 to $97.00. Despite the stock currently trading at $76.83, this new target suggests a potential upside of 26.25%. Jack In The Box operates quick-service and fast-casual restaurants, with a focus on customizable menu items. Analyst ratings are issued quarterly and may include growth estimates, earnings, and revenue forecasts, but they are subject to human error.
January 25, 2024 | 5:00 pm
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Truist Securities maintains a Buy rating on Jack In The Box with a raised price target from $95 to $97, suggesting a 26.25% potential increase from the current price.
The reaffirmation of a Buy rating and an increased price target by a reputable analyst firm like Truist Securities typically instills confidence in investors and can lead to a positive short-term impact on the stock price. The significant potential upside of 26.25% from the current trading price is likely to attract investor interest and could drive the price upward in the short term.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 100