Oppenheimer Maintains Outperform on Shake Shack, Raises Price Target to $135
Portfolio Pulse from Benzinga Newsdesk
Oppenheimer analyst Brian Bittner has maintained an 'Outperform' rating on Shake Shack (NYSE:SHAK) and raised the price target from $122 to $135.
October 28, 2024 | 12:39 pm
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Oppenheimer has reaffirmed its 'Outperform' rating for Shake Shack and increased the price target to $135, indicating confidence in the company's future performance.
The increase in price target from $122 to $135 by Oppenheimer suggests a positive outlook on Shake Shack's future performance. The 'Outperform' rating indicates that the analyst expects the stock to perform better than the market average, which could lead to increased investor interest and a potential rise in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100