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Shake Shack

SHAKNYSE
$83.67
2.192.69%
At Close: -
$83.50
-0.17-0.20%
After Hours: 5:33 PM EDT
15 minutes delayed
Q2 2024 Earnings in 9 days from now on Thu Aug 1st, before the market open
Consensus Rating1
Buy
Highest Price Target1
$125.00
Lowest Price Target1
$50.00
Consensus Price Target1
$93.26

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Shake Shack (NYSE:SHAK) Stock, Analyst Ratings, Price Targets, Forecasts

Shake Shack Inc has a consensus price target of $93.26 based on the ratings of 23 analysts. The high is $125 issued by Truist Securities on July 1, 2024. The low is $50 issued by Morgan Stanley on October 11, 2022. The 3 most-recent analyst ratings were released by Wedbush, B of A Securities, and Morgan Stanley on July 19, 2024, July 17, 2024, and July 16, 2024, respectively. With an average price target of $95.33 between Wedbush, B of A Securities, and Morgan Stanley, there's an implied 14.17% upside for Shake Shack Inc from these most-recent analyst ratings.

Analyst Trends and Forecast
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Apr
4
1
May
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Jun
3
Jul
Buy
Hold
Sell
Strong Sell
Analyst Rating and Forecast
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3.0
Hold
Strong Buy
Buy
Hold
Sell
Strong Sell

Analyst Firms Making Recommendations1

Wedbush
B of A Securities
Morgan Stanley
Truist Securities
TD Cowen

1calculated from analyst ratings

Analyst Ratings for Shake Shack

Buy NowGet Alert
07/19/2024Buy Now7.78%Wedbush
Nick Setyan
$110 → $90MaintainsNeutralGet Alert
07/17/2024Buy Now14.97%B of A Securities
Sara Senatore
$116 → $96MaintainsNeutralGet Alert
07/16/2024Buy Now19.76%Morgan Stanley
Brian Harbour
$108 → $100MaintainsEqual-WeightGet Alert
07/01/2024Buy Now49.7%Truist Securities
Jake Bartlett
$124 → $125MaintainsBuyGet Alert
06/17/2024Buy Now49.7%TD Cowen
Andrew Charles
$125 → $125ReiteratesBuy → BuyGet Alert
06/13/2024Buy Now49.7%TD Cowen
Andrew Charles
$125 → $125ReiteratesBuy → BuyGet Alert
06/13/2024Buy Now31.74%Goldman Sachs
Christine Cho
→ $110Initiates → BuyGet Alert
06/06/2024Buy Now49.7%TD Cowen
Andrew Charles
$125 → $125ReiteratesBuy → BuyGet Alert
06/03/2024Buy Now25.75%JP Morgan
John Ivankoe
$102 → $105MaintainsUnderweightGet Alert
05/31/2024Buy Now49.7%TD Cowen
Andrew Charles
$125 → $125ReiteratesBuy → BuyGet Alert
05/13/2024Buy Now22.16%JP Morgan
John Ivankoe
$100 → $102MaintainsUnderweightGet Alert
05/06/2024Buy Now49.7%BTIG
Peter Saleh
$120 → $125MaintainsBuyGet Alert
05/03/2024Buy Now37.72%UBS
Dennis Geiger
$110 → $115MaintainsNeutralGet Alert
05/03/2024Buy Now29.34%Barclays
Jeffrey Bernstein
$92 → $108MaintainsEqual-WeightGet Alert
05/03/2024Buy Now48.5%Truist Securities
Jake Bartlett
$115 → $124MaintainsBuyGet Alert
05/03/2024Buy Now31.74%Wedbush
Nick Setyan
$100 → $110MaintainsNeutralGet Alert
05/03/2024Buy Now25.75%Baird
David Tarantino
$102 → $105MaintainsNeutralGet Alert
05/02/2024Buy Now49.7%TD Cowen
Andrew Charles
→ $125ReiteratesBuy → BuyGet Alert
04/12/2024Buy Now49.7%TD Cowen
Andrew Charles
→ $125ReiteratesBuy → BuyGet Alert
04/12/2024Buy Now25.75%Morgan Stanley
Brian Harbour
$88 → $105MaintainsEqual-WeightGet Alert
04/11/2024Buy Now49.7%TD Cowen
Andrew Charles
→ $125ReiteratesBuy → BuyGet Alert
04/10/2024Buy Now49.7%TD Cowen
Andrew Charles
→ $125ReiteratesBuy → BuyGet Alert
04/02/2024Buy Now37.72%Truist Securities
Jake Bartlett
$112 → $115MaintainsBuyGet Alert
03/22/2024Buy Now43.71%Oppenheimer
Brian Bittner
$108 → $120MaintainsOutperformGet Alert
03/21/2024Buy Now49.7%TD Cowen
Andrew Charles
→ $125ReiteratesOutperform → OutperformGet Alert
03/14/2024Buy Now43.71%BTIG
Peter Saleh
$110 → $120MaintainsBuyGet Alert
03/07/2024Buy Now49.7%TD Cowen
Andrew Charles
$91 → $125UpgradeMarket Perform → OutperformGet Alert
03/04/2024Buy Now19.76%JP Morgan
John Ivankoe
$65 → $100MaintainsUnderweightGet Alert
02/16/2024Buy Now31.74%UBS
Dennis Geiger
$88 → $110MaintainsNeutralGet Alert
02/16/2024Buy Now37.72%Raymond James
Brian Vaccaro
$90 → $115MaintainsStrong BuyGet Alert
02/16/2024Buy Now29.34%Oppenheimer
Michael Tamas
$80 → $108MaintainsOutperformGet Alert
02/16/2024Buy Now34.13%Truist Securities
Jake Bartlett
$90 → $112MaintainsBuyGet Alert
02/16/2024Buy Now19.76%Wedbush
Nick Setyan
$80 → $100MaintainsNeutralGet Alert
02/16/2024Buy Now8.98%TD Cowen
Andrew Charles
$73 → $91MaintainsMarket PerformGet Alert
02/14/2024Buy Now-4.19%Wedbush
Nick Setyan
→ $80ReiteratesNeutral → NeutralGet Alert
02/13/2024Buy Now-1.8%Baird
David Tarantino
$67 → $82MaintainsNeutralGet Alert
02/12/2024Buy Now5.39%UBS
Dennis Geiger
$80 → $88MaintainsNeutralGet Alert
01/18/2024Buy Now4.19%Truist Securities
Jake Bartlett
$87 → $87ReiteratesBuy → BuyGet Alert
01/05/2024Buy Now-4.19%Oppenheimer
Michael Tamas
$70 → $80MaintainsOutperformGet Alert
12/20/2023Buy Now-11.38%HSBC
Meredith Jensen
→ $74Initiates → HoldGet Alert
12/06/2023Buy Now-6.59%Raymond James
Brian Vaccaro
→ $78UpgradeOutperform → Strong BuyGet Alert
11/27/2023Buy Now1.8%Truist Securities
Jake Bartlett
→ $85ReiteratesBuy → BuyGet Alert
11/14/2023Buy Now-28.14%Stifel
Chris O'Cull
$62 → $60MaintainsHoldGet Alert
10/23/2023Buy Now-29.34%Barclays
Jeffrey Bernstein
$72 → $59MaintainsEqual-WeightGet Alert
10/19/2023Buy Now-25.75%Deutsche Bank
Lauren Silberman
→ $62Initiates → HoldGet Alert
10/18/2023Buy Now-6.59%Raymond James
Brian Vaccaro
$87 → $78MaintainsOutperformGet Alert
10/11/2023Buy Now-23.35%Morgan Stanley
Brian Harbour
$70 → $64MaintainsEqual-WeightGet Alert
10/05/2023Buy Now-20.96%B of A Securities
Sara Senatore
→ $66Initiates → NeutralGet Alert
09/15/2023Buy Now1.8%Northcoast Research
Jim Sanderson
→ $85UpgradeNeutral → BuyGet Alert
08/09/2023Buy Now—Northcoast Research
Jim Sanderson
—DowngradeBuy → NeutralGet Alert
08/04/2023Buy Now-16.17%Morgan Stanley
Brian Harbour
$68 → $70MaintainsEqual-WeightGet Alert
08/04/2023Buy Now13.77%Truist Securities
Jake Bartlett
$90 → $95MaintainsBuyGet Alert
08/04/2023Buy Now-6.59%Baird
David Tarantino
$74 → $78MaintainsNeutralGet Alert
08/04/2023Buy Now-12.57%Wedbush
Nick Setyan
→ $73ReiteratesNeutral → NeutralGet Alert
08/04/2023Buy Now4.19%Raymond James
Brian Vaccaro
→ $87UpgradeMarket Perform → OutperformGet Alert
08/04/2023Buy Now-13.77%Barclays
Jeffrey Bernstein
$64 → $72MaintainsEqual-WeightGet Alert
08/04/2023Buy Now-6.59%TD Cowen
Andrew Charles
$75 → $78MaintainsMarket PerformGet Alert
07/28/2023Buy Now-12.57%Wedbush
Nick Setyan
$59 → $73MaintainsNeutralGet Alert
07/18/2023Buy Now7.78%Truist Securities
Jake Bartlett
$75 → $90MaintainsBuyGet Alert
07/17/2023Buy Now-18.56%Morgan Stanley
Brian Harbour
$63 → $68MaintainsEqual-WeightGet Alert
07/17/2023Buy Now-10.18%TD Cowen
Andrew Charles
→ $75ReiteratesMarket Perform → Market PerformGet Alert
06/15/2023Buy Now-10.18%TD Cowen
Andrew Charles
→ $75ReiteratesMarket Perform → Market PerformGet Alert
06/14/2023Buy Now0.6%Piper Sandler
Brian Mullan
→ $84Assumes → OverweightGet Alert
06/09/2023Buy Now-10.18%TD Cowen
Andrew Charles
→ $75ReiteratesMarket Perform → Market PerformGet Alert
05/31/2023Buy Now-10.18%TD Cowen
Andrew Charles
$67 → $75MaintainsMarket PerformGet Alert
05/19/2023Buy Now-24.55%Morgan Stanley
Brian Harbour
$52 → $63UpgradeUnderweight → Equal-WeightGet Alert
05/17/2023Buy Now-22.16%Stifel
Chris O'Cull
$50 → $65MaintainsHoldGet Alert
05/16/2023Buy Now-11.38%Baird
David Tarantino
$62 → $74MaintainsNeutralGet Alert
05/05/2023Buy Now-10.18%Truist Securities
Jake Bartlett
$68 → $75MaintainsBuyGet Alert
05/05/2023Buy Now-17.37%Credit Suisse
Lauren Silberman
$63 → $69MaintainsNeutralGet Alert
05/05/2023Buy Now-29.34%Wedbush
Nick Setyan
$56 → $59MaintainsNeutralGet Alert
05/05/2023Buy Now-10.18%BTIG
Peter Saleh
$65 → $75MaintainsBuyGet Alert
05/05/2023Buy Now-25.75%Baird
David Tarantino
$56 → $62MaintainsNeutralGet Alert
05/05/2023Buy Now-23.35%Barclays
Jeffrey Bernstein
$51 → $64MaintainsEqual-WeightGet Alert
05/05/2023Buy Now-19.76%TD Cowen
Andrew Charles
$58 → $67MaintainsMarket PerformGet Alert
04/17/2023Buy Now-18.56%Truist Securities
Jake Bartlett
$67 → $68MaintainsBuyGet Alert
04/17/2023Buy Now-42.51%Morgan Stanley
Brian Harbour
$47 → $48MaintainsUnderweightGet Alert
02/17/2023Buy Now-24.55%Credit Suisse
Lauren Silberman
$60 → $63MaintainsNeutralGet Alert
02/17/2023Buy Now-22.16%BTIG
Peter Saleh
$60 → $65MaintainsBuyGet Alert
02/17/2023Buy Now-30.54%Cowen & Co.
Andrew Charles
$53 → $58MaintainsMarket PerformGet Alert
02/17/2023Buy Now-32.93%Wedbush
Nick Setyan
$55 → $56MaintainsNeutralGet Alert
02/08/2023Buy Now-34.13%Wedbush
Nick Setyan
$49 → $55MaintainsNeutralGet Alert
01/26/2023Buy Now-38.92%Barclays
Jeffrey Bernstein
$42 → $51MaintainsEqual-WeightGet Alert
01/17/2023Buy Now-43.71%Morgan Stanley
Brian Harbour
$50 → $47DowngradeEqual-Weight → UnderweightGet Alert
01/05/2023Buy Now-49.7%Barclays
Jeffrey Bernstein
$46 → $42MaintainsEqual-WeightGet Alert
12/21/2022Buy Now-41.32%Wedbush
Nick Setyan
$58 → $49DowngradeOutperform → NeutralGet Alert
11/07/2022Buy Now-32.93%Deutsche Bank
Brian Mullan
$53 → $56MaintainsHoldGet Alert
11/07/2022Buy Now-28.14%BTIG
Peter Saleh
$65 → $60MaintainsBuyGet Alert
11/07/2022Buy Now-31.74%Credit Suisse
Lauren Silberman
$61 → $57MaintainsNeutralGet Alert
11/04/2022Buy Now-30.54%Wedbush
Nick Setyan
$61 → $58MaintainsOutperformGet Alert
10/11/2022Buy Now-40.12%Morgan Stanley
John Glass
$52 → $50MaintainsEqual-WeightGet Alert
08/08/2022Buy Now-37.72%Morgan Stanley
John Glass
$48 → $52MaintainsEqual-WeightGet Alert
08/08/2022Buy Now-26.95%Credit Suisse
Lauren Silberman
$72 → $61MaintainsNeutralGet Alert
08/08/2022Buy Now-17.37%Oppenheimer
Michael Tamas
$75 → $69MaintainsOutperformGet Alert
08/05/2022Buy Now-42.51%Cowen & Co.
Andrew Charles
$52 → $48MaintainsMarket PerformGet Alert
07/18/2022Buy Now-42.51%Morgan Stanley
John Glass
$63 → $48MaintainsEqual-WeightGet Alert
07/01/2022Buy Now-19.76%Truist Securities
Jake Bartlett
$86 → $67MaintainsBuyGet Alert
06/09/2022Buy Now-44.91%Barclays
Jeffrey Bernstein
$57 → $46MaintainsEqual-WeightGet Alert
05/17/2022Buy Now—Raymond James
Brian Vaccaro
—UpgradeUnderperform → Market PerformGet Alert
05/16/2022Buy Now-16.17%Northcoast Research
Jim Sanderson
→ $70UpgradeNeutral → BuyGet Alert

FAQ

Q

What is the target price for Shake Shack (SHAK) stock?

A

The latest price target for Shake Shack (NYSE:SHAK) was reported by Wedbush on July 19, 2024. The analyst firm set a price target for $90.00 expecting SHAK to rise to within 12 months (a possible 7.78% upside). 58 analyst firms have reported ratings in the last year.

Q

What is the most recent analyst rating for Shake Shack (SHAK)?

A

The latest analyst rating for Shake Shack (NYSE:SHAK) was provided by Wedbush, and Shake Shack maintained their neutral rating.

Q

When was the last upgrade for Shake Shack (SHAK)?

A

The last upgrade for Shake Shack Inc happened on March 7, 2024 when TD Cowen raised their price target to $125. TD Cowen previously had a market perform for Shake Shack Inc.

Q

When was the last downgrade for Shake Shack (SHAK)?

A

The last downgrade for Shake Shack Inc happened on August 9, 2023 when Northcoast Research changed their price target from N/A to N/A for Shake Shack Inc.

Q

When is the next analyst rating going to be posted or updated for Shake Shack (SHAK)?

A

Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Shake Shack, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Shake Shack was filed on July 19, 2024 so you should expect the next rating to be made available sometime around July 19, 2025.

Q

Is the Analyst Rating Shake Shack (SHAK) correct?

A

While ratings are subjective and will change, the latest Shake Shack (SHAK) rating was a maintained with a price target of $110.00 to $90.00. The current price Shake Shack (SHAK) is trading at is $83.50, which is out of the analyst’s predicted range.

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