It’s Better to Hope for Prosperity than Become Adversary: The Cheesecake Factory Incorporated (CAKE) Stock

Citigroup raised the price target for the The Cheesecake Factory Incorporated (NASDAQ:CAKE) stock to ‘a Buy’. The rating was released on April 12, 2023, according to finviz. We previously noted in another research note published on January 05, 2023 by Stephens that upgraded the stock from an Equal-weight to an Overweight with a price target of $47 for CAKE stock. The research report from Piper Sandler has downgraded the stock from Overweight to Neutral, with a price target set at $44. The stock was reiterated by Wells Fargo, who disclosed in a research note on November 04, 2021, to Overweight and set the price objective to $55.