Goldman Sachs thinks Shake Shack could surge 80% in just one year, fueled by an exclusive partnership with GrubHub (SHAK)
|01/15/2020||Posted by BusinessMediaguide.Com under General World News||
- Goldman Sachs on Wednesday increased its price target on shares of Shake Shack to $115, roughly 80% higher than where shares traded at Tuesday’s close.
- The upgrade is based on positive comments Shake Shack management made around the restaurant’s exclusive partnership with GrubHub.
- Shares of Shake Shack surged 10% Wednesday.
- Watch Shake Shack trade live on Markets Insider.
Goldman Sachs is a fan of Shake Shack.
On Wednesday, Goldman Sachs raised its 12-month price target on shares of the restaurant chain to $115 based on a long-term discounted cash flow that contemplates 645 company-owned units and 850 domestic and read more >>>