Shake Shack (SHAK) Stock Forecast & Price Target

$108.67

+2.06 (+1.93%)

(As of 11:08 AM ET)

Shake Shack - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Hold
Based on 19 Analyst Ratings

Based on 19 Wall Street analysts who have issued ratings for Shake Shack in the last 12 months, the stock has a consensus rating of "Hold." Out of the 19 analysts, 1 has given a sell rating, 10 have given a hold rating, 7 have given a buy rating, and 1 has given a strong buy rating for SHAK.

Consensus Price Target

$106.37
-2.12% Downside

High Forecast	$127.00
Average Forecast	$106.37
Low Forecast	$60.00

According to the 19 analysts' twelve-month price targets for Shake Shack, the average price target is $106.37. The highest price target for SHAK is $127.00, while the lowest price target for SHAK is $60.00. The average price target represents a forecasted downside of -2.12% from the current price of $108.67.

Type	Current Forecast 8/23/23 to 8/22/24	1 Month Ago 7/24/23 to 7/23/24	3 Months Ago 5/25/23 to 5/24/24	1 Year Ago 8/23/22 to 8/23/23
Consensus Rating	Hold	Hold	Hold	Hold
Strong Buy	1 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	7 Buy rating(s)	6 Buy rating(s)	5 Buy rating(s)	3 Buy rating(s)
Hold	10 Hold rating(s)	9 Hold rating(s)	9 Hold rating(s)	10 Hold rating(s)
Sell	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$106.37	$99.50	$98.35	$72.93
Forecasted Upside	-2.12% Downside	12.44% Upside	8.07% Upside	5.64% Upside

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SHAK Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

SHAK Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Shake Shack Stock vs. The Competition

Type	Shake Shack	Retail/Wholesale Companies	S&P 500
Consensus Rating Score	2.42	2.46	2.51
Consensus Rating	Hold	Hold	Moderate Buy
Predicted Upside	-2.12% Downside	387.65% Upside	9.03% Upside
News Sentiment Rating	Neutral News	Neutral News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
8/19/2024	Bank of America 4 of 5 stars		Boost Target	Neutral ➝ Neutral	$104.00 ➝ $116.00	+12.11%
8/19/2024	Piper Sandler 2 of 5 stars	B. Mullan Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Overweight ➝ Neutral	$121.00 ➝ $114.00	+6.17%
8/2/2024	Deutsche Bank Aktiengesellschaft 2 of 5 stars		Boost Target	Hold ➝ Hold	$105.00 ➝ $115.00	+20.63%
8/2/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	C. Cho Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy ➝ Buy	$110.00 ➝ $125.00	+29.57%
8/2/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Equal Weight ➝ Equal Weight	$108.00 ➝ $110.00	+15.74%
8/2/2024	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$93.00 ➝ $105.00	+11.81%
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8/2/2024	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$125.00 ➝ $127.00	+28.41%
8/1/2024	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Buy	$125.00 ➝ $125.00	+21.82%
8/1/2024	Wedbush Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Neutral ➝ Neutral	$90.00 ➝ $90.00	+2.72%
7/29/2024	Capital One Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating	D. Guglielmo Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Overweight	$95.00	+17.28%
7/16/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Equal Weight ➝ Equal Weight	$108.00 ➝ $100.00	+15.61%
6/3/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Underweight ➝ Underweight	$102.00 ➝ $105.00	+13.29%
5/6/2024	BTIG Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$120.00 ➝ $125.00	+14.90%
5/3/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$110.00 ➝ $115.00	+7.00%
3/22/2024	Oppenheimer Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$108.00 ➝ $120.00	+10.38%
2/16/2024	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Strong-Buy ➝ Strong-Buy	$90.00 ➝ $115.00	+19.78%
12/20/2023	HSBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Hold	$74.00	+1.82%
11/14/2023	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Hold ➝ Hold	$62.00 ➝ $60.00	+0.62%
9/15/2023	Northcoast Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Neutral ➝ Buy	$85.00	+36.96%
8/4/2023	Loop Capital Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$60.00 ➝ $71.00	-7.92%
5/5/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral	$63.00 ➝ $69.00	+12.07%
2/17/2023	Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Market Perform	$53.00 ➝ $58.00	+5.45%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 11:31 AM ET.

SHAK Forecast - Frequently Asked Questions

What is Shake Shack's forecast for 2024?: According to the research reports of 19 Wall Street equities research analysts, the average twelve-month stock price forecast for Shake Shack is $106.37, with a high forecast of $127.00 and a low forecast of $60.00.
Should I buy or sell Shake Shack stock right now?: 19 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Shake Shack in the last year. There is currently 1 sell rating, 10 hold ratings, 7 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" SHAK shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SHAK, but not buy additional shares or sell existing shares.
Does Shake Shack's stock price have much upside?: According to analysts, Shake Shack's stock has a predicted upside of 15.07% based on their 12-month stock forecasts.
Has Shake Shack been downgraded by Wall Street analysts recently?: Over the previous 90 days, Shake Shack's stock had 1 downgrade by analysts.
What analysts cover Shake Shack?: Shake Shack has been rated by research analysts at Bank of America, Barclays, Capital One Financial, Deutsche Bank Aktiengesellschaft, JPMorgan Chase & Co., Morgan Stanley, Piper Sandler, Robert W. Baird, TD Cowen, The Goldman Sachs Group, Truist Financial, and Wedbush in the past 90 days.
Do Wall Street analysts like Shake Shack more than its competitors?: Analysts like Shake Shack less than other "retail/wholesale" companies. The consensus rating score for Shake Shack is 2.42 while the average consensus rating score for "retail/wholesale" companies is 2.46. Learn more on how SHAK compares to other companies.