Red Robin Stock Surges on Analyst Upgrade

Red Robins stock surged by 6.5% following Jefferies upgrade from Hold to Buy, setting a new price target of $7 per share, indicating a potential 74% upside. However, the stocks volatility and ongoing financial challenges, including negative net margin and losses, suggest a complex market perception. Despite a recent revenue surpass, the stock is down nearly 25% this year and has lost over 95% of its value since 2017.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.