Goldman Sachs analyst Christine Cho initiated coverage of Cheesecake Factory (CAKE) with a Buy rating and $56 price target The analyst believes investors are underappreciating the potential unit growth trajectory at Cheesecake. The smaller brands under the company’s umbrella will serve as a key growth engine for the company going forward, with management looking for mid-teens annual unit growth, the analyst tells investors in a research note.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on CAKE:
- Cheesecake Factory management to meet virtually with Stephens
- Cheesecake Factory price target raised to $52 from $49 at BofA
- Cheesecake Factory price target raised to $59 from $52 at Wedbush
- Cheesecake Factory price target raised to $49 from $47 at BofA
- Cheesecake Factory price target raised to $52 from $48 at Wedbush
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
