Analysts have been eager to weigh in on the Services sector with new ratings on Discovery (DISCA) and Cheesecake Factory (CAKE).
Rosenblatt Securities analyst Mark Zgutowicz reiterated a Hold rating on Discovery today and set a price target of $45.00. The company’s shares closed last Wednesday at $37.49.
According to TipRanks.com, Zgutowicz is a top 100 analyst with an average return of 61.8% and a 81.9% success rate. Zgutowicz covers the Technology sector, focusing on stocks such as Spotify Technology SA, Manhattan Associates, and Pinterest.
Discovery has an analyst consensus of Moderate Buy, with a price target consensus of $49.79, which is a 38.5% upside from current levels. In a report released today, Merrill Lynch also upgraded the stock to Hold with a $40.00 price target.
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Cheesecake Factory (CAKE)
In a report released today, Nick Setyan from Wedbush maintained a Buy rating on Cheesecake Factory, with a price target of $70.00. The company’s shares closed last Wednesday at $59.02, close to its 52-week high of $63.20.
According to TipRanks.com, Setyan is a 5-star analyst with an average return of 17.0% and a 63.7% success rate. Setyan covers the Services sector, focusing on stocks such as Papa John’s International, Del Taco Restaurants, and Dine Brands Global.
Currently, the analyst consensus on Cheesecake Factory is a Hold with an average price target of $56.42.
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