Price Target Update on Starbucks Corporation (NASDAQ:SBUX)

Starbucks Corporation (NASDAQ:SBUX) : 17 Wall Street analysts covering Starbucks Corporation (NASDAQ:SBUX) believe that the average level the stock could reach for the short term is $67.47. The maximum price target given is $75 and the minimum target for short term is around $58, hence the standard deviation is calculated at $4.02.

Other Equity analysts have also commented on the company shares. Equity Analysts at the Brokerage Firm, Goldman Sachs, maintains their rating on the shares of Starbucks Corporation (NASDAQ:SBUX). Goldman Sachs has a Buy rating on the shares. As per the latest research report, the brokerage house raises the price target to $72 per share from a prior target of $69. The rating by the firm was issued on May 4, 2016.

Starbucks Corporation (NASDAQ:SBUX): stock turned positive on Thursday. Though the stock opened at $55.98, the bulls momentum made the stock top out at $56.195 level for the day. The stock recorded a low of $55.9 and closed the trading day at $56.13, in the green by 0.94%. The total traded volume for the day was 5,569,431. The stock had closed at $55.61 in the previous days trading.

The company shares have rallied 2.85% from its 1 Year high price. On Oct 30, 2015, the shares registered one year high at $64.00 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $55.44 and the 200 Day Moving Average price is recorded at $58.00. On the companys insider trading activities, Ullman Myron E Iii, director of Starbucks Corp, unloaded 20,000 shares at an average price of $55.46 on June 9, 2016. The total amount of the transaction was worth $1,109,200, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

Starbucks Corporation is the roaster, marketer and retailer of specialty coffee. The Company purchases and roasts coffees that it sells, along with coffee, tea and other beverages, and a range of fresh food items, through Company-operated stores. It also sells a range of coffee and tea products and licenses its trademarks through other channels, such as licensed stores, grocery and national foodservice accounts. It operates through four segment: Americas, which includes the United States, Canada, and Latin America; Europe, Middle East, and Africa (EMEA); China/Asia Pacific (CAP), and Channel Development. In addition to its Starbucks Coffee brand, it also sells goods and services under the brands, including Teavana, Tazo, Seattles Best Coffee, Evolution Fresh, La Boulange and Ethos. Its Americas, EMEA, and CAP segments include both Company-operated and licensed stores. The Americas and EMEA segments include certain foodservice accounts, primarily in Canada and the United Kingdom.

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