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Noodles & Company (NDLS) stock has dropped from $49 to $34 in a short period of time due to a revenue miss, insider selling, and the lock up expiration. The first major catalyst for Noodles & Company (NDLS) in 2014 is earnings due out in February. At some point in 2014, I'm looking for the company to beat earnings and raise guidance. This event alone will take NDLS back to $43-$48. If they can do it twice, I think the stock can hit $60 in 2014. Right now I think maximum downside is $28-$30 and $200-$400 upside. Looking 10-15 years out, Noodles plans to grow total restaurants from 370 locations to 2,500 location. If management executes, the stock will not stay in the double digits.
Also see - Top Stocks 2013 - Top Stock Gainers 2013
