TD Cowen Reiterates Outperform on Shake Shack, Maintains $125 Price Target
Portfolio Pulse from Benzinga Newsdesk
TD Cowen analyst Andrew Charles has reiterated an Outperform rating on Shake Shack (NYSE:SHAK) and maintained a $125 price target on the stock.
March 21, 2024 | 4:29 pm
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TD Cowen analyst Andrew Charles reaffirmed an Outperform rating on Shake Shack, with a steady price target of $125.
The reiteration of an Outperform rating and a high price target by a reputable analyst like Andrew Charles from TD Cowen is likely to instill confidence among investors and could lead to a positive short-term impact on Shake Shack's stock price. The specific mention of a $125 price target suggests a significant upside potential from current levels, further underlining the bullish outlook.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100