JPMorgan Boosts Cheesecake Factory Price Target to $105
JPMorgan Chase & Co. has raised its price target for Cheesecake Factory (NASDAQ:CAKE) to $105.00, up from a previous target of $92.00.
This move comes after the company's strong quarterly earnings report, which beat analyst expectations with EPS of $1.44 and revenue of $1.03 billion.
The new price target indicates a potential downside of 8.13% from the stock's previous close of $114.29.