Texas Roadhouse Stock Upgrade: Analyst Sees 20% Upside

Texas Roadhouse stock surged after Wells Fargo analyst upgraded it, predicting a price target of $195, up from $170. Despite higher beef costs, the analyst believes these are temporary and will ease in the second half of 2026. The stocks recent dip created an attractive buying opportunity, with shares closing up 2.7% at $170.33. The analyst upgrade is seen as significant, despite mixed earnings results showing revenue growth but slightly lower earnings per share.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.