Companies in the Services sector have received a lot of coverage today as analysts weigh in on TripAdvisor Inc (NASDAQ:TRIP), Shake Shack (NYSE:SHAK) and MGM Resorts (NYSE:MGM).
TripAdvisor Inc (TRIP)
In a report issued on August 3, Deepak Mathivanan from Barclays maintained a Buy rating on TripAdvisor Inc, with a price target of $68. The company’s shares closed on Friday at $53.27.
According to TipRanks.com, Mathivanan is a 4-star analyst with an average return of 19.6% and a 67.2% success rate. Mathivanan covers the Technology sector, focusing on stocks such as Mercadolibre, Webcom Group, and Wix.com Ltd.
Currently, the analyst consensus on TripAdvisor Inc is a Hold with an average price target of $48.93.
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Shake Shack (SHAK)
Barclays analyst Jeff Bernstein maintained a Hold rating on Shake Shack on August 3 and set a price target of $59. The company’s shares closed on Friday at $56.34.
According to TipRanks.com, Bernstein is a 4-star analyst with an average return of 8.2% and a 66.7% success rate. Bernstein covers the Services sector, focusing on stocks such as Brinker International, Jack In The Box Inc, and BJ’s Restaurants.
The word on The Street in general, suggests a Hold analyst consensus rating for Shake Shack with a $55.71 average price target, implying a -1.1% downside from current levels. In a report issued on August 3, Wedbush also maintained a Hold rating on the stock with a $62 price target.
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MGM Resorts (MGM)
In a report issued on August 3, Felicia Hendrix from Barclays maintained a Buy rating on MGM Resorts, with a price target of $37. The company’s shares closed on Friday at $28.53, close to its 52-week low of $26.85.
According to TipRanks.com, Hendrix is a 4-star analyst with an average return of 6.1% and a 58.4% success rate. Hendrix covers the Services sector, focusing on stocks such as Marriott International, Pinnacle Entertainment, and Extended Stay America.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for MGM Resorts with a $35.78 average price target, representing a 25.4% upside. In a report issued on July 20, Morgan Stanley also maintained a Buy rating on the stock with a $38 price target.
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