Why Shake Shack Inc. Stock Popped Today
Shares of Shake Shack Inc. (NYSE: SHAK) popped as much as 9.5% early Thursday, then settled up 8.1% to set a new two-year high after the fast-casual restaurant chain received a notable analyst upgrade.
More specifically, Morgan Stanley analyst John Glass increased his rating on Shake Shack from "Underweight" to "Equal weight," increasing his per-share price target on the stock from $34 to $41. Shares closed today at $45.15.
IMAGE SOURCE: SHAKE SHACK
Source: Fool.com
Shake Shack Inc. Stock
€97.38
-1.800%
The stock is one of the favorites of our community with 25 Buy predictions and 3 Sell predictions.
With a target price of 114 € there is a slightly positive potential of 17.07% for Shake Shack Inc. compared to the current price of 97.38 €.
