Unveiling 19 Analyst Insights On Shake Shack
Portfolio Pulse from Benzinga Insights
In the past three months, 19 analysts have provided ratings for Shake Shack (NYSE:SHAK), ranging from bullish to bearish. The average 12-month price target is now $117.05, up from $102.71. Analysts have recently raised their price targets, reflecting positive sentiment. Shake Shack has shown strong revenue growth but faces challenges in profitability and asset utilization.
May 31, 2024 | 5:00 pm
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Shake Shack has received a range of ratings from analysts, with a notable increase in the average 12-month price target to $117.05. The company has shown strong revenue growth but faces challenges in profitability and asset utilization.
The increase in the average price target and the positive sentiment from multiple analysts suggest a likely short-term price increase. However, the company's challenges in profitability and asset utilization may temper long-term expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100