Noodles & Company (NDLS) Stock Upgraded to Buy - $26 Price Target

Noodles & Company (NDLS) Stock Upgraded to Buy - $26 Price Target.

Shares of Noodles & Company (NDLS) have dropped from $36 to $17 in a few short months but now the stock is receiving it's first upgrade ever.  UBS upgraded NDLS to buy with a $26 price target.  The firm cites positive unit growth and potential upside to earnings estimates now that they've been slashed.  This was my thinking as well and I continue to view Noodles & Company (NDLS) as a strong buy stock for the long term, 5-10 years.

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Noodles & Company (NDLS) Stock - Buy or Sell?

Noodles & Company (NDLS) Stock - Buy or Sell?  Buy Noodles & Company (NDLS) between $35-$36 on a drop.

Shares of Noodles & Company (NDLS) exploded this week after the company issued bullish guidance for 2014.  Noodles and Company plans to open 65-69 new restaurants in the U.S and they feel confident in that pipeline this year.  The result:  NDLS stock rallied from $33.40 to $40.41 in three days.  NDLS closed the week at $38.27 and is now up 7% in 2014.

Noodles & Company (NDLS) is a good investment for the long term and is the top stock I'm buying this year.  I plan to hold NDLS for at least 5-7 years and I will continue to add to my long position.  Noodles & Company expects to grow restaurant count from 380 locations to 2,500 in 10-15 years.

For more information in the top stocks in 2014, visit these links - Stocks 2014 - Top Penny Stocks 2014 - Stocks to Buy 2014