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Shake Shack (SHAK) Stock Forecast & Price Target

$79.15
-4.52 (-5.40%)
(As of 07/24/2024 ET)

Shake Shack - 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 17 Wall Street analysts who have issued ratings for Shake Shack in the last 12 months, the stock has a consensus rating of "Hold." Out of the 17 analysts, 1 has given a sell rating, 9 have given a hold rating, 6 have given a buy rating, and 1 has given a strong buy rating for SHAK.

Consensus Price Target

$99.50
25.71% Upside
High Forecast$125.00
Average Forecast$99.50
Low Forecast$60.00

According to the 17 analysts' twelve-month price targets for Shake Shack, the average price target is $99.50. The highest price target for SHAK is $125.00, while the lowest price target for SHAK is $60.00. The average price target represents a forecasted upside of 25.71% from the current price of $79.15.

TypeCurrent Forecast
7/25/23 to 7/24/24
1 Month Ago
6/25/23 to 6/24/24
3 Months Ago
4/26/23 to 4/25/24
1 Year Ago
7/25/22 to 7/25/23
Consensus Rating
Hold
Hold
Hold
Hold
Strong Buy
1 Strong Buy rating(s)
1 Strong Buy rating(s)
1 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
6 Buy rating(s)
6 Buy rating(s)
5 Buy rating(s)
3 Buy rating(s)
Hold
9 Hold rating(s)
9 Hold rating(s)
10 Hold rating(s)
8 Hold rating(s)
Sell
1 Sell rating(s)
1 Sell rating(s)
1 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$99.50$99.17$88.67$67.00
Forecasted Upside25.71% Upside10.32% Upside9.77% Upside8.55% Upside
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SHAK 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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SHAK 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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Shake Shack Stock vs. The Competition

TypeShake ShackRetail/Wholesale CompaniesS&P 500
Consensus Rating Score
2.41
2.45
2.51
Consensus RatingHoldHoldModerate Buy
Predicted Upside22.36% Upside59.72% Upside9.85% Upside
News Sentiment RatingNeutral News
Neutral News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
7/19/2024Wedbush
3 of 5 stars
 Lower TargetNeutral ➝ Neutral$110.00 ➝ $90.00+6.56%
7/17/2024Bank of America
4 of 5 stars
 Lower TargetNeutral ➝ Neutral$116.00 ➝ $96.00+10.94%
7/16/2024Morgan Stanley
3 of 5 stars
 Lower TargetEqual Weight ➝ Equal Weight$108.00 ➝ $100.00+15.61%
7/1/2024Truist Financial
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 Boost TargetBuy ➝ Buy$124.00 ➝ $125.00+38.89%
6/13/2024TD Cowen
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 Reiterated RatingBuy ➝ Buy$125.00 ➝ $125.00+33.56%
6/13/2024The Goldman Sachs Group
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C. Cho
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Initiated CoverageBuy$110.00+18.61%
6/3/2024JPMorgan Chase & Co.
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 Boost TargetUnderweight ➝ Underweight$102.00 ➝ $105.00+13.29%
5/6/2024BTIG Research
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 Boost TargetBuy ➝ Buy$120.00 ➝ $125.00+14.90%
5/3/2024UBS Group
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 Boost TargetNeutral ➝ Neutral$110.00 ➝ $115.00+7.00%
5/3/2024Barclays
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 Boost TargetEqual Weight ➝ Equal Weight$92.00 ➝ $108.00+0.12%
5/3/2024Robert W. Baird
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 Boost TargetNeutral ➝ Neutral$102.00 ➝ $105.00-0.02%
3/22/2024Oppenheimer
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 Boost TargetOutperform ➝ Outperform$108.00 ➝ $120.00+10.38%
2/16/2024Raymond James
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 Boost TargetStrong-Buy ➝ Strong-Buy$90.00 ➝ $115.00+19.78%
12/20/2023HSBC
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 Initiated CoverageHold$74.00+1.82%
11/14/2023Stifel Nicolaus
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 Lower TargetHold ➝ Hold$62.00 ➝ $60.00+0.62%
10/19/2023Deutsche Bank Aktiengesellschaft
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 Initiated CoverageHold$62.00+12.12%
9/15/2023Northcoast Research
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 UpgradeNeutral ➝ Buy$85.00+36.96%
8/4/2023Loop Capital
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 Boost Target$60.00 ➝ $71.00-7.92%
5/5/2023Credit Suisse Group
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 Boost TargetNeutral$63.00 ➝ $69.00+12.07%
2/17/2023Cowen
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 Boost TargetMarket Perform$53.00 ➝ $58.00+5.45%
8/5/2022Cowen
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 Lower TargetMarket Perform$52.00 ➝ $48.00-5.81%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Wednesday at 06:37 PM ET.

SHAK Forecast - Frequently Asked Questions

What is Shake Shack's forecast for 2024?

According to the research reports of 17 Wall Street equities research analysts, the average twelve-month stock price forecast for Shake Shack is $99.50, with a high forecast of $125.00 and a low forecast of $60.00.

Should I buy or sell Shake Shack stock right now?

17 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Shake Shack in the last year. There is currently 1 sell rating, 9 hold ratings, 6 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" SHAK shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SHAK, but not buy additional shares or sell existing shares.

Does Shake Shack's stock price have much upside?

According to analysts, Shake Shack's stock has a predicted upside of 12.44% based on their 12-month stock forecasts.

What analysts cover Shake Shack?
Do Wall Street analysts like Shake Shack more than its competitors?

Analysts like Shake Shack less than other "retail/wholesale" companies. The consensus rating score for Shake Shack is 2.41 while the average consensus rating score for "retail/wholesale" companies is 2.45. Learn more on how SHAK compares to other companies.


This page (NYSE:SHAK) was last updated on 7/24/2024 by MarketBeat.com Staff

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