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Cheesecake Factory Inc has a consensus price target of $38.84 based on the ratings of 21 analysts. The high is $52 issued by Stephens & Co. on February 17, 2022. The low is $28 issued by Morgan Stanley on October 11, 2023. The 3 most-recent analyst ratings were released by JP Morgan, Wedbush, and Barclays on August 6, 2024, August 1, 2024, and August 1, 2024, respectively. With an average price target of $39.33 between JP Morgan, Wedbush, and Barclays, there's an implied 0.06% upside for Cheesecake Factory Inc from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Cheesecake Factory (NASDAQ:CAKE) was reported by JP Morgan on August 6, 2024. The analyst firm set a price target for $38.00 expecting CAKE to fall to within 12 months (a possible -3.33% downside). 38 analyst firms have reported ratings in the last year.
The latest analyst rating for Cheesecake Factory (NASDAQ:CAKE) was provided by JP Morgan, and Cheesecake Factory maintained their underweight rating.
The last upgrade for Cheesecake Factory Inc happened on May 10, 2024 when Citigroup raised their price target to $47. Citigroup previously had a neutral for Cheesecake Factory Inc.
The last downgrade for Cheesecake Factory Inc happened on January 23, 2024 when JP Morgan changed their price target from N/A to $33 for Cheesecake Factory Inc.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Cheesecake Factory, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Cheesecake Factory was filed on August 6, 2024 so you should expect the next rating to be made available sometime around August 6, 2025.
While ratings are subjective and will change, the latest Cheesecake Factory (CAKE) rating was a maintained with a price target of $40.00 to $38.00. The current price Cheesecake Factory (CAKE) is trading at is $39.31, which is out of the analyst’s predicted range.
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