Shake Shack price target raised to $105 from $100 at TD Cowen

TD Cowen raised the firm’s price target on Shake Shack (SHAK) to $105 from $100 and keeps a Hold rating on the shares. The analyst, who is “encouraged” by the better-than-expected start to 2026, raised the firm’s 2026 same-store sales growth forecast to 3%.