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Why Shares of Shake Shack Jumped Today

TheMotleyFool

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Shares of burger-chain Shake Shack (NYSE: SHAK) rose on Wednesday, one day after the company presented at the ICR Conference. An analyst at Goldman Sachs was impressed by what the company had to say, pointing to significant upside for the stock. Shares of Shake Shack were up 8.3% at 12:30 p.m. EST, after being up as much as 12% earlier in the day.

Goldman analyst Katherine Fogertey kept a buy rating on Shake Shack stock following the presentation. A price target of $115 per share represents 65% upside from the current stock price.

Image source: Shake Shack.

Source Fool.com

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