Wedbush Maintains Neutral on Shake Shack, Raises Price Target to $100
Portfolio Pulse from Benzinga Newsdesk
Wedbush analyst Nick Setyan maintains a Neutral rating on Shake Shack (SHAK) and raises the price target from $80 to $100.

February 16, 2024 | 12:01 pm
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Wedbush analyst Nick Setyan has maintained a Neutral rating on Shake Shack but increased the price target from $80 to $100.
The increase in price target by Wedbush from $80 to $100, while maintaining a Neutral rating, suggests a positive outlook on Shake Shack's stock value in the short term. This adjustment reflects an expectation of stronger performance or favorable market conditions for Shake Shack, potentially leading to an increase in investor interest and a positive impact on the stock price.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 90