Oppenheimer analyst Brian Bittner upgraded Cheesecake Factory (CAKE) to Outperform from Perform with a $65 price target The firm said it has become bullish on the stock for the first time since launching its restaurant franchise in 2011, adding that it anticipates a breakout performance in 2025 as the model is finally armed with same-store sales and margin upside. The rest of the portfolio now hits an underappreciated unit growth inflection with coveted brands at a valuation discount to peers that supports optionality, the analyst tells investors in a research note.
Stay Ahead of the Market:
- Discover outperforming stocks and invest smarter with Top Smart Score Stocks
- Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CAKE:
- Cheesecake Factory upgraded to Outperform from Perform at Oppenheimer
- Cheesecake Factory (NASDAQ:CAKE) Gets a Boost from Malls
- Cheesecake Factory price target raised to $58 from $49 at Jefferies
- Cheesecake Factory price target raised to $56 from $51 at Raymond James
- Cheesecake Factory price target raised to $57 from $51 at Stephens