Starbucks Corporation (SBUX) : 12 brokerage houses believe that Starbucks Corporation (SBUX) is a Strong Buy at current levels. 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. 5 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Starbucks Corporation (SBUX). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 18 Wall Street Analysts endorse the stock as a Buy with a rating of 1.58.
Starbucks Corporation (SBUX) : The consensus price target for Starbucks Corporation (SBUX) is $66.53 for the short term with a standard deviation of $3.69. The most optimist securities analyst among the 17 who monitor the stock believes that the stock can reach $72, however, the pessimist price target for the company is $58.
For the current week, the company shares have a recommendation consensus of Buy. Also, In a research note released to the investors, Goldman Sachs maintains its rating on Starbucks Corporation (NASDAQ:SBUX).The analysts at the brokerage house have a current rating of Buy on the shares. The rating by the firm was issued on July 26, 2016.
Starbucks Corporation (NASDAQ:SBUX): The stock opened at $56.46 on Wednesday but the bulls could not build on the opening and the stock topped out at $56.59 for the day. The stock traded down to $55.72 during the day, due to lack of any buying support eventually closed down at $55.94 with a loss of -1.39% for the day. The stock had closed at $56.73 on the previous day. The total traded volume was 11,484,662 shares.
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.