Truist analyst Jake Bartlett raised the firm’s price target on Shake Shack (SHAK) to $140 from $134 and keeps a Buy rating on the shares. The firm’s meeting with the company management increased its confidence that Shake Shack will accelerate same-store sales through FY26 given its solid macro positioning, many sales initiatives, and improved operational foundation, the analyst tells investors in a research note. With the stock at about 20-times expected FY26 EBITDA estimates and near-term sales catalysts, the firm sees “significant upside” for shares, Truist adds.
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Read More on SHAK:
- Shake Shack price target lowered to $100 from $105 at JPMorgan
- Shake Shack price target raised to $97 from $89 at BofA
- Shake Shack price target lowered to $140 from $145 at Raymond James
- Shake Shack price target raised to $90 from $85 at Baird
- Shake Shack price target lowered to $125 from $140 at BTIG