Oppenheimer lowered the firm’s price target on Shake Shack (SHAK) to $145 from $160 and keeps an Outperform rating on the shares. The firm notes the company delivered strong Q3 results with same-store sales upside along with a solid EBITDA beat. As industry-wide trends soften into Q4, Shake Shack disclosed respectable October comps of +1.3% and low single-digit Q4 guidance.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SHAK:
- Shake Shack price target lowered to $104 from $127 at Baird
- Shake Shack price target lowered to $102 from $126 at Piper Sandler
- Shake Shack Reports Strong Q3 2025 Growth
- Shake Shack CEO: Our transformation is on track
- Shake Shack Hold Rating: Balancing Brand Image and Rising Costs Amid Market Challenges