Shake Shack Inc (SHAK) shares rose by 6.73% today, reaching a 5-day high of $77.49, despite the broader market's downturn, with the Nasdaq-100 down 1.50% and the S&P 500 down 0.83%.
This price movement occurs amid sector rotation, as Shake Shack's stock has entered oversold territory with an RSI reading of 29.6, indicating potential exhaustion of recent selling pressure. In contrast, the S&P 500 ETF (SPY) has a significantly higher RSI of 60.8, suggesting that SHAK may present a buying opportunity for bullish investors.
The implications of this price action indicate that investors are looking for value in oversold stocks like Shake Shack, which may lead to increased buying interest as the market seeks to identify potential recovery plays.
Wall Street analysts forecast SHAK stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for SHAK is 110.29 USD with a low forecast of 85.00 USD and a high forecast of 150.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
19 Analyst Rating
Wall Street analysts forecast SHAK stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for SHAK is 110.29 USD with a low forecast of 85.00 USD and a high forecast of 150.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
8 Buy
10 Hold
1 Sell
Moderate Buy
Current: 87.870
Low
85.00
Averages
110.29
High
150.00
Current: 87.870
Low
85.00
Averages
110.29
High
150.00
Raymond James
Strong Buy
maintain
$140
2026-01-21
Reason
Raymond James
Price Target
$140
AI Analysis
2026-01-21
maintain
Strong Buy
Reason
Shake Shack can sustain solidly positive comps in 2026, and continue to accelerate high-ROI unit growth, Raymond James tells investors in a research note. The firm, which named Shake Shack as a top long idea, has a Strong Buy rating and $140 price target on the shares.
Morgan Stanley
Equal Weight -> Overweight
upgrade
$115 -> $125
2026-01-20
Reason
Morgan Stanley
Price Target
$115 -> $125
2026-01-20
upgrade
Equal Weight -> Overweight
Reason
Morgan Stanley upgraded Shake Shack to Overweight from Equal Weight with a price target of $125, up from $115. The firm adjusted ratings in the restaurants and foodservice distributors group as part of its 2026 outlook. The analyst sees attractive longer term growth in fast casual and beverage. Morgan Stanley has fewer structural concerns as estimates and multiples for these names have been "reset appropriately," the analyst tells investors in a research note. The firm skews "relatively cautious" on franchised fast food.
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Barclays
Overweight
downgrade
$115 -> $110
2026-01-07
Reason
Barclays
Price Target
$115 -> $110
2026-01-07
downgrade
Overweight
Reason
Barclays lowered the firm's price target on Shake Shack to $110 from $115 and keeps an Overweight rating on the shares. The firm adjusted targets in the restaurant group as part of its 2026 outlook. Sales challenges persist for the sector, the analyst tells investors in a research note. Barclays expects quick service to regain share from fast casual and casual dining, and it remains bullish on foodservice distribution.
Deutsche Bank
Hold -> Buy
upgrade
$115 -> $105
2026-01-06
Reason
Deutsche Bank
Price Target
$115 -> $105
2026-01-06
upgrade
Hold -> Buy
Reason
Deutsche Bank upgraded Shake Shack to Buy from Hold with a price target of $105, down from $115. The firm says the company has a "compelling catalyst path" in the first half of 2026. Shake Shack's growth outlook is "still strong" and the shares are trading at a "near trough" valuation, the analyst tells investors in a research note. Deutsche believes the setup for restaurants into 2026 is "pretty favorable," with investor sentiment near trough levels. Any signs of stabilization should support a trade back into the sector, the firm contends.
About SHAK
Shake Shack Inc. is engaged in serving an American menu of Angus beef burgers, crispy chicken, hand-spun milkshakes, house-made lemonades, beer, wine, and more. The Company’s menu focuses on food and beverages, carefully crafted from a range of classic American foods. Its burger categories include ShackBurger, SmokeShack, Shroom Burger (a vegetarian burger), Shack Stack, Avocado Bacon Burger and Hamburger. Its chicken products include Chicken Shack and Chicken Bites. It also offers wines, including Shack Red, Shack White, and Shack Rose. In addition, it serves Abita Root Beer, Shack-made lemonade, organic fresh brewed iced tea, Fifty/Fifty, Honest Kids organic apple juice and Shack2O bottled still and sparkling waters. The Company operates in approximately 570 locations system-wide, including over 370 in 34 U.S. States and the District of Columbia, and over 200 international locations across London, Hong Kong, Shanghai, Singapore, Mexico City, Istanbul, Dubai, Tokyo, Seoul and more.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.