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Wall Street Analysts Are Bullish on Top Consumer Cyclical Picks

Tipranks - Tipranks - Wed Jun 3, 10:04AM CDT

There’s a lot to be optimistic about in the Consumer Cyclical sector as 2 analysts just weighed in on Shake Shack (SHAK) and Ferrari (RACE) with bullish sentiments.

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Shake Shack (SHAK)

William Blair analyst Sharon Zackfia maintained a Buy rating on Shake Shack today. The company’s shares closed last Tuesday at $55.09.

According to TipRanks.com, Zackfia is a 3-star analyst with an average return of 3.0% and a 46.6% success rate. Zackfia covers the NA sector, focusing on stocks such as Black Rock Coffee Bar, Inc. Class A, Birkenstock Holding plc, and OneSpaWorld Holdings. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Shake Shack with a $98.41 average price target, implying a 74.3% upside from current levels. In a report issued on May 18, TipRanks – PerPlexity also upgraded the stock to Buy with a $67.00 price target.

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Ferrari (RACE)

Bernstein analyst Stephen Reitman maintained a Buy rating on Ferrari today. The company’s shares closed last Tuesday at $352.65.

According to TipRanks.com, Reitman is a 3-star analyst with an average return of 2.9% and a 40.4% success rate. Reitman covers the NA sector, focusing on stocks such as Bayerische Motoren Werke Aktiengesellschaft, Mercedes-Benz Group, and Stellantis. ;'>

Currently, the analyst consensus on Ferrari is a Strong Buy with an average price target of $452.43, representing a 27.1% upside. In a report issued on May 25, Barclays also maintained a Buy rating on the stock with a EUR355.00 price target.

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