Oppenheimer analyst Michael Tamas lowered the firm’s price target on Shake Shack (SHAK) to $125 from $155 and keeps an Outperform rating on the shares. With shares down year-to-date, the firm believes Shake Shack has been caught in a unique unwind that presents an attractive buying opportunity. While the industry experienced a challenging Q1 2025, Oppenheimer’s work suggests Shake Shack could report a respectable quarter relative to the group.
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