Expert Outlook: Shake Shack Through The Eyes Of 15 Analysts
Portfolio Pulse from Benzinga Insights
In the past three months, 15 analysts have provided ratings for Shake Shack (NYSE:SHAK), with a mix of bullish and bearish perspectives. The average 12-month price target is $114.07, showing a 3.51% increase from the previous target. Analysts have adjusted their ratings and price targets based on recent developments, reflecting their views on Shake Shack's market position. Despite positive revenue growth, Shake Shack faces challenges with profitability and asset utilization.
October 22, 2024 | 7:00 pm
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NEUTRAL IMPACT
Shake Shack has received mixed analyst ratings, with an average 12-month price target of $114.07, up 3.51% from the previous target. Analysts have adjusted their ratings based on recent developments, indicating a cautious optimism. Despite strong revenue growth, Shake Shack faces challenges in profitability and asset utilization.
The mixed analyst ratings and slight increase in price target suggest a neutral short-term impact on Shake Shack's stock. While revenue growth is positive, challenges in profitability and asset utilization may offset bullish sentiments. The diverse analyst opinions reflect uncertainty in the market, leading to a neutral score.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100