Analysts Are Neutral on Top Services Stocks: Shake Shack (SHAK), Expedia (EXPE)
By Jason Carr Analysts fell to the sidelines weighing in on Shake Shack (SHAK – Research Report) and Expedia (EXPE – Research Report) with neutral ratings, indicating that the experts are neither bullish nor bearish on the stocks.
Shake Shack (SHAK)
Wedbush analyst Nick Setyan maintained a Hold rating on Shake Shack today and set a price target of $53.00. The company’s shares closed last Thursday at $55.22.
According to TipRanks.com, Setyan is a 4-star analyst with an average return of 3.3% and a 54.5% success rate. Setyan covers the Services sector, focusing on stocks such as Papa John’s International, Del Taco Restaurants, and Dine Brands Global.
Currently, the analyst consensus on Shake Shack is a Hold with an average price target of $51.08, which is a -5.2% downside from current levels. In a report released today, Jefferies also maintained a Hold rating on the stock with a $50.00 price target.
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Expedia (EXPE)
Needham analyst Brad Erickson assigned a Hold rating to Expedia today. The company’s shares closed last Thursday at $84.93.
According to TipRanks.com, Erickson is a 5-star analyst with an average return of 18.2% and a 53.4% success rate. Erickson covers the Technology sector, focusing on stocks such as Fiverr International, ANGI Homeservices, and Uber Technologies.
Expedia has an analyst consensus of Moderate Buy, with a price target consensus of $95.18, representing a 13.4% upside. In a report released today, Oppenheimer also maintained a Hold rating on the stock.
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