In the past 3 months, 8 analysts have published their opinion on Cheesecake Factory stock (NASDAQ: CAKE). These analysts are typically employed by large Wall Street banks and tasked with understanding a company’s operations in order to predict how a stock will trade over the coming year.
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These 8 analysts have an average price target of $ 49.69 from Cheesecake Factory’s current price of $ 39.59, which implies a rise.
Below is a summary of how these 8 analysts have rated Cheesecake Factory over the past 3 months. The higher the number of bullish ratings, the more positive analysts are on the security and the more bearish the number of ratings, the more negative analysts are on the security.
This current average represents a 12.44% increase over the previous average price target of $ 56.75.
Ratings come from analysts or specialists in banking and financial systems who publish reports for specific stocks or defined sectors (usually quarterly for each stock). Analysts typically get their information from company conference calls and meetings, financial statements, and conversations with important insiders to make their decisions.
Some analysts will also offer forecasts for metrics such as growth estimates, earnings, and income to provide additional insight into stocks. Investors who use analyst ratings should note that this expert advice is from humans and may be subject to error.
This article was generated by Benzinga’s automated content engine and edited by an editor.