Potbelly (PBPB) Stock Upgraded - 2014 Price Target $35

The Potbelly (PBPB) IPO two weeks ago was red hot, hitting $33.57, dropping back to $30, and then running back up to $33.90 during a horrible period in the time, the Gov't shut down crisis. Since then, PBPB stock dropped all the way down to $23.76 on some negative press.

In the last 4 trading sessions, Potbelly stock has rebounded $3 and is trading $1 shy of it's 10 day moving average. So now what? Will Potbelly (PBPB) continue the break out and close above the 10 day moving average or will the stock take a new leg lower and bottom somewhere between $21-$23?

While everyone seems to be hating on Potbelly (PBPB) in the mid $20's, I love it down here. The brand is solid, the sandwiches are amazing, and they are growing fast. Margins are juicy with most stores squeezing out 20-21% profit margins. Potbelly currently has 16 new restaurant locations in the pipeline. I think they are going to grow a lot faster than Wall St thinks. It will be interesting to see the headlines one year from now because if what I'm thinking comes true, we will be looking at a $35-$40 stock.

Potbelly (PBPB) is no Noodles & Company (NDLS) or Chipotle Mexican Grill (CMG) but don't count this underdog out. If they start beating earnings, revenue, and raising guidance, this stock will rip and rip hard!
My take: Potbelly (PBPB) is a buy below $25, a strong buy below $23. My PBPB 2014 Price Target is $35-$40 per share.

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2014 Price Targets - Stocks

Below is a list of some of the top stocks to own in 2014 along with price targets.  These top rated stocks should outperform the stock market and help your portfolio to grow.  If you are into trading these stocks, check out my stock picks group.

Top Stocks 2014 - Penny Stocks 2014

I'm bullish on stocks in 2014 and even more bullish during this current debt ceiling correction we are seeing.  Once this issue passes, expect these stocks on sale to trade at premium valuations again.

Yelp (YELP) $64 - 2014 Price Target - $105
Noodles & Company (NDLS) $43.50 - 2014 Price Target - $60
Facebook (FB) $47.50 - 2014 Price Target - $60
Restoration Hardware (RH) $60.50 - 2014 Price Target - $85
Tesla (TSLA) $169 - 2014 Price Target - $225
Zillow (Z) - $79 - 2014 Price Target - $120
Apple (AAPL) $490 - 2014 Price Target - $600
Potbelly (PBPB) $31 - 2014 Price Target - $40