There’s a lot to be optimistic about in the Consumer Cyclical sector as 2 analysts just weighed in on Rivian Automotive (RIVN – Research Report) and Shake Shack (SHAK – Research Report) with bullish sentiments.
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Rivian Automotive (RIVN)
In a report issued on February 21, Ronald Jewsikow from Guggenheim maintained a Buy rating on Rivian Automotive, with a price target of $16.00. The company’s shares closed last Friday at $12.97.
According to TipRanks.com, Jewsikow is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of -9.0% and a 40.9% success rate. Jewsikow covers the NA sector, focusing on stocks such as Group 1 Automotive, Lithia Motors, and AutoNation.
Currently, the analyst consensus on Rivian Automotive is a Hold with an average price target of $14.51, implying a 14.2% upside from current levels. In a report issued on February 21, Evercore ISI also maintained a Buy rating on the stock with a $20.00 price target.
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Shake Shack (SHAK)
In a report released today, Jake Bartlett from Truist Financial maintained a Buy rating on Shake Shack, with a price target of $154.00. The company’s shares closed last Friday at $108.72.
According to TipRanks.com, Bartlett is a 5-star analyst with an average return of 15.5% and a 58.9% success rate. Bartlett covers the NA sector, focusing on stocks such as Restaurant Brands International, Darden Restaurants, and Texas Roadhouse.
Currently, the analyst consensus on Shake Shack is a Moderate Buy with an average price target of $138.20, which is a 12.1% upside from current levels. In a report issued on February 20, BTIG also maintained a Buy rating on the stock with a $140.00 price target.
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