Raymond James Maintains Strong Buy on Shake Shack, Raises Price Target to $115
Portfolio Pulse from Benzinga Newsdesk
Raymond James analyst Brian Vaccaro has maintained a Strong Buy rating on Shake Shack (NYSE:SHAK) and increased the price target from $90 to $115.

February 16, 2024 | 3:28 pm
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Raymond James has reaffirmed its Strong Buy rating on Shake Shack and raised the price target from $90 to $115.
The upgrade in price target by a reputable analyst like Brian Vaccaro from Raymond James is a strong positive signal for Shake Shack. It suggests a bullish outlook on the company's future performance and potential for stock price appreciation. This kind of endorsement can often lead to increased investor confidence and potentially drive up the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100