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Cheesecake Factory (CAKE) Stock Forecast & Price Target

$39.79
+0.03 (+0.08%)
(As of 04:00 PM ET)

Cheesecake Factory - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Based on 14 Wall Street analysts who have issued ratings for Cheesecake Factory in the last 12 months, the stock has a consensus rating of "Hold." Out of the 14 analysts, 3 have given a sell rating, 6 have given a hold rating, and 5 have given a buy rating for CAKE.

Consensus Price Target

$39.58
-0.52% Downside
High Forecast$50.00
Average Forecast$39.58
Low Forecast$28.00

According to the 14 analysts' twelve-month price targets for Cheesecake Factory, the average price target is $39.58. The highest price target for CAKE is $50.00, while the lowest price target for CAKE is $28.00. The average price target represents a forecasted downside of -0.52% from the current price of $39.79.

TypeCurrent Forecast
7/20/23 to 7/19/24
1 Month Ago
6/20/23 to 6/19/24
3 Months Ago
4/21/23 to 4/20/24
1 Year Ago
7/20/22 to 7/20/23
Consensus Rating
Hold
Hold
Hold
Reduce
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
5 Buy rating(s)
5 Buy rating(s)
4 Buy rating(s)
2 Buy rating(s)
Hold
6 Hold rating(s)
6 Hold rating(s)
6 Hold rating(s)
10 Hold rating(s)
Sell
3 Sell rating(s)
3 Sell rating(s)
3 Sell rating(s)
4 Sell rating(s)
Consensus Price Target$39.58$39.58$35.64$36.57
Forecasted Upside-0.52% Downside8.94% Upside8.66% Upside-0.82% Downside
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CAKE Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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CAKE Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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Cheesecake Factory Stock vs. The Competition

TypeCheesecake FactoryRetail/Wholesale CompaniesS&P 500
Consensus Rating Score
2.14
2.46
2.51
Consensus RatingHoldHoldModerate Buy
Predicted Upside-0.44% Downside53.44% Upside9.15% Upside
News Sentiment RatingPositive News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
7/19/2024Wedbush
3 of 5 stars
 Reiterated RatingOutperform ➝ Outperform$45.00 ➝ $45.00+13.44%
5/28/2024JPMorgan Chase & Co.
3 of 5 stars
 Boost TargetUnderweight ➝ Underweight$34.00 ➝ $40.00+5.01%
5/15/2024Bank of America
4 of 5 stars
 Boost TargetNeutral ➝ Neutral$39.00 ➝ $43.00+4.93%
5/15/2024Stephens
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 Boost TargetOverweight ➝ Overweight$44.00 ➝ $50.00+24.94%
5/10/2024Citigroup
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 UpgradeNeutral ➝ Buy$38.00 ➝ $47.00+30.34%
5/9/2024Barclays
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 Lower TargetUnderweight ➝ Underweight$33.00 ➝ $32.00-12.64%
5/9/2024Wells Fargo & Company
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 Boost TargetEqual Weight ➝ Equal Weight$35.00 ➝ $36.00-1.72%
5/9/2024Deutsche Bank Aktiengesellschaft
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 Boost TargetHold ➝ Hold$37.00 ➝ $38.00+3.74%
5/9/2024Robert W. Baird
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 Boost TargetNeutral ➝ Neutral$32.00 ➝ $37.00+8.92%
5/9/2024Raymond James
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B. Vaccaro
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UpgradeMarket Perform ➝ Outperform$42.00+23.64%
2/22/2024Piper Sandler
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 Boost TargetNeutral ➝ Neutral$33.00 ➝ $37.00+5.14%
2/22/2024Oppenheimer
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 Reiterated RatingMarket Perform ➝ Market Perform
11/2/2023William Blair
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 Reiterated RatingOutperform
10/11/2023Morgan Stanley
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 Lower TargetUnderweight ➝ Underweight$31.00 ➝ $28.00-8.44%
5/2/2023Northcoast Research
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 Initiated CoverageBuy$46.00+37.81%
2/23/2023Credit Suisse Group
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 Boost TargetNeutral$37.00 ➝ $42.00+3.24%
1/25/2023UBS Group
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 DowngradeNeutral ➝ Sell$30.00-20.32%
1/17/2023Gordon Haskett
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 DowngradeBuy ➝ Hold
12/12/2022The Goldman Sachs Group
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also cut
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DowngradeNeutral ➝ Sell$35.00 ➝ $29.00-12.20%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Friday at 04:35 PM ET.

CAKE Forecast - Frequently Asked Questions

What is Cheesecake Factory's forecast for 2024?

According to the research reports of 14 Wall Street equities research analysts, the average twelve-month stock price forecast for Cheesecake Factory is $39.58, with a high forecast of $50.00 and a low forecast of $28.00.

Should I buy or sell Cheesecake Factory stock right now?

14 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Cheesecake Factory in the last twelve months. There are currently 3 sell ratings, 6 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" CAKE shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CAKE, but not buy additional shares or sell existing shares.

Does Cheesecake Factory's stock price have much upside?

According to analysts, Cheesecake Factory's stock has a predicted upside of 8.34% based on their 12-month stock forecasts.

Has Cheesecake Factory been upgraded by Wall Street analysts recently?

Over the previous 90 days, Cheesecake Factory's stock had 2 upgrades by analysts.

What analysts cover Cheesecake Factory?

Cheesecake Factory has been rated by research analysts at Bank of America, Barclays, Citigroup, Deutsche Bank Aktiengesellschaft, JPMorgan Chase & Co., Raymond James, Robert W. Baird, Stephens, Wedbush, and Wells Fargo & Company in the past 90 days.

Do Wall Street analysts like Cheesecake Factory more than its competitors?

Analysts like Cheesecake Factory less than other "retail/wholesale" companies. The consensus rating score for Cheesecake Factory is 2.14 while the average consensus rating score for "retail/wholesale" companies is 2.46. Learn more on how CAKE compares to other companies.


This page (NASDAQ:CAKE) was last updated on 7/19/2024 by MarketBeat.com Staff

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