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 (NYSE:SHAK) and raises the price target from $90 to $100.

August 02, 2024 | 11:18 am
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Wedbush analyst Nick Setyan maintains a Neutral rating on Shake Shack (NYSE:SHAK) and raises the price target from $90 to $100.
The raised price target from $90 to $100 indicates a positive outlook from the analyst, which could lead to a short-term increase in SHAK's stock price. However, the Neutral rating suggests that the stock may not outperform the market significantly.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100