Starbucks Corporation (SBUX) has been rated by 17 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $75 and the lowest price target forecast is $58. The average forecast of all the analysts is $67.47 and the expected standard deviation is $4.02.
Starbucks Corporation (SBUX) has seen a shortfall of 3,423,037 shares or 18.8% in the short interest. The remaining shorts are 1% of the total floated shares. The net short interest, as on June 30,2016, stood at 14,797,123 shares and the stocks days to cover will be 2 by factoring in the average per day volume of 9,209,592 shares. On June 15,2016, 18,220,160 shares were shorted. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.
Also, Goldman Sachs maintains their rating on the shares of Starbucks Corporation (NASDAQ:SBUX). The current rating of the shares is Buy. Equity Analysts at the Firm raises the price target to $72 per share from $69 per share. 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 $57, the bulls momentum made the stock top out at $57.68 level for the day. The stock recorded a low of $56.97 and closed the trading day at $57.59, in the green by 1.97%. The total traded volume for the day was 11,353,599. The stock had closed at $56.48 in the previous days trading.
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.