Shares of the Cheesecake Factory Inc CAKE have gained more than 10 percent since the beginning of 2016. However, they have lost roughly 4.4 percent since April started. Following the most recent decline, top raters at the Vetr community seem to believe some upside potential has been unlocked.
Related Link: Here's How Crowdsourced Ratings Can Beat The Market
On Friday, top raters at the Vetr community decided to upgrade their rating on the stock from 4.0 Stars (Buy) to 4.5 Stars (Strong Buy) - out of a possible 5.0 Stars rating.
The new rating better reflects the crowd’s average price target of $58.88, which implies an upside potential of 16 percent from current valuations.
Finally, it should be noted that 100 percent of the crowd's ratings on the Cheesecake Factory are bullish.
Disclosure: Javier Hasse holds no positions in any of the securities mentioned above.
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