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Analysts Views Turn Positive on Shake Shack (SHAK)

Shake Shack Inc. (NYSE:SHAK) is one of the 13 Best Fast Food Stocks to Buy. On December 18, JPMorgan upgraded its rating on Shake Shack Inc. (NYSE:SHAK) from Underweight to Neutral but cut its price target from $95 to $90. This update came after a discussion between JPMorgan analysts and Shake Shack Inc.’s (NYSE:SHAK) CEO Rob Lynch at the company’s Atlanta Innovation Hub.

JPMorgan pointed out that the company is shifting from an “enlightened hospitality” focused fine casual concept to a more efficient operation that includes quick-service restaurant features. The research firm also noted Shake Shack Inc.’s (NYSE:SHAK) move to a free cash flow positive company while sustaining steps to blend the strongest parts of both fine casual and quick-service models.

Earlier, on December 16, Freedom Capital Markets initiated coverage on Shake Shack Inc. (NYSE:SHAK), giving the stock a Buy rating and setting the price target at $120. The firm sees Shake Shack Inc. (NYSE:SHAK) as a unique brand in the better-burger space, with several factors set to continue supporting the momentum in the company’s same-store sales and traffic.

Freedom Capital Markets highlighted significant room for growth for the company. The firm pointed to the long-term opportunity for Shake Shack Inc. (NYSE:SHAK) for about 1,500 locations in North America compared to just around 400 company-operation locations as of Q3 2025. The research firm believes that the current stock price represents a good buying opportunity, noting that investor concerns seem exaggerated and same-store sales probably picked up again in November and December.

Shake Shack Inc. (NYSE:SHAK) is an American multinational food company that operates a chain of fast-casual restaurants. It specializes in premium burgers, hot dogs, crinkle-cut fries, shakes, frozen custard, beer, and wine.

While we acknowledge the potential of SHAK as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than SHAK and that has a 100x upside potential, check out our report about the cheapest AI stock.

READ NEXT: 14 Best Large Cap Stocks to Invest In Now and 14 Most Promising Fintech Stocks to Invest In.

Disclosure: None. This article is originally published at Insider Monkey.

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