Bank of America has revised its price target for Jack in the Box (JACK, Financial), adjusting it from $62 to $50. Despite this reduction, the financial institution maintains a Buy rating on the stock. This change is part of a broader reassessment by the bank, which involves updating their evaluations for over 20 companies within the restaurant industry. The adjustments aim to reflect shifts in market estimates and valuations as part of their preview for the first quarter calendar results.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 19 analysts, the average target price for Jack In The Box Inc (JACK, Financial) is $41.63 with a high estimate of $65.00 and a low estimate of $25.00. The average target implies an upside of 81.01% from the current price of $23.00. More detailed estimate data can be found on the Jack In The Box Inc (JACK) Forecast page.
Based on the consensus recommendation from 22 brokerage firms, Jack In The Box Inc's (JACK, Financial) average brokerage recommendation is currently 2.6, indicating "Hold" 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 Jack In The Box Inc (JACK, Financial) in one year is $84.24, suggesting a upside of 266.26% from the current price of $23. 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 Jack In The Box Inc (JACK) Summary page.
