Shake Shack ( ($SHAK) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
Shake Shack’s stock is on the rise as Truist Financial analyst Jake Bartlett, a highly regarded 5-star analyst, reaffirmed a Buy rating with an ambitious price target of $154.00. This bullish sentiment is shared by BTIG, which also maintained a Buy rating, albeit with a slightly lower target of $140.00. The analyst consensus remains a Moderate Buy, indicating confidence in Shake Shack’s growth prospects within the competitive consumer cyclical sector.
More about Shake Shack
YTD Price Performance: -18.42%
Average Trading Volume: 1,142,031
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $4.62B
For further insights into SHAK stock on TipRanks’ Stock Analysis page.
See more of today’s top stock gainers and losers.
