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Wall Street Says ‘Hold’ for Shake Shack after Strong Earnings

Wall Street Says ‘Hold’ for Shake Shack after Strong Earnings

How Much Upside Is Left in Shake Shack’s Stock Price? Of the 11 analysts who follow Shake Shack, 27.3% are favoring a “buy,” 45.5% are favoring a “hold,” and 27.3% are favoring a “sell” recommendation. On May 23, Longbow Research downgraded the stock from “buy” to “neutral.” Alton Stump of Longbow stated that the recent surge in Shake Shack’s stock price raised its valuation multiple.