Shake Shack Shares Surpass $114 Target as Analyst Opinions Diverge
In recent trading, shares of Shake Shack Inc (Symbol: SHAK) climbed above the average analyst 12-month target price of $114.86, changing hands at $116.18 per share. When a stock meets an analyst’s target, the analyst usually has two options: downgrade based on valuation or adjust their target price higher. The decision might also be influenced by recent business developments, suggesting a strong performance might warrant a target increase.
Currently, 21 different analyst targets contribute to the average for Shake Shack Inc. However, this average is merely a mathematical construct. Some analysts set lower targets, with one projecting a price of $85.00, while others are more optimistic, with a high target of $154.00. The standard deviation among these targets is $19.89.
The purpose of evaluating the average SHAK price target is to benefit from collective insights. This “wisdom of crowds” approach synthesizes the input of multiple analysts rather than relying on a single expert’s opinion. As SHAK surpasses the average target price of $114.86 per share, investors might need to reassess its valuation. They must consider whether $114.86 is merely a stepping stone towards a higher target or if it’s time to secure profits. Below is a summary of current analyst ratings for Shake Shack Inc:
| Recent SHAK Analyst Ratings Breakdown | ||||
|---|---|---|---|---|
| » | Current | 1 Month Ago | 2 Month Ago | 3 Month Ago |
| Strong buy ratings: | 11 | 11 | 10 | 10 |
| Buy ratings: | 0 | 0 | 0 | 0 |
| Hold ratings: | 9 | 10 | 10 | 10 |
| Sell ratings: | 0 | 0 | 0 | 0 |
| Strong sell ratings: | 1 | 1 | 1 | 1 |
| Average rating: | 2.05 | 2.09 | 2.14 | 2.14 |
The average rating in the table ranges from 1 to 5, with 1 indicating a Strong Buy and 5 indicating a Strong Sell. This article utilized data from Zacks Investment Research via Quandl.com.
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The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
