Morgan Stanley's analyst, Brian Harbour, has revised the price target for Shake Shack (SHAK, Financial), bringing it down to $105 from the previous target of $137. Despite maintaining an Equal Weight rating on the stock, the adjustment comes as the firm prepares for the upcoming first-quarter earnings season.
Harbour noted that the upcoming quarterly results are not the primary focus, as he lowered the U.S. industry demand growth forecast. The projection now stands at a 4.1% year-over-year increase, down from the earlier estimate of 4.8% made in January. This adjustment follows the recent announcement of a "pause" on tariffs, impacting the broader outlook for restaurants and food distributors.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 22 analysts, the average target price for Shake Shack Inc (SHAK, Financial) is $126.36 with a high estimate of $160.00 and a low estimate of $85.00. The average target implies an upside of 48.11% from the current price of $85.32. More detailed estimate data can be found on the Shake Shack Inc (SHAK) Forecast page.
Based on the consensus recommendation from 25 brokerage firms, Shake Shack Inc's (SHAK, Financial) average brokerage recommendation is currently 2.3, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Shake Shack Inc (SHAK, Financial) in one year is $101.22, suggesting a upside of 18.64% from the current price of $85.32. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Shake Shack Inc (SHAK) Summary page.
