Starbucks Corporation (SBUX) Receives Price Target

Starbucks Corporation (SBUX) : Currently there are 16 street experts covering Starbucks Corporation (SBUX) stock. The most bullish and bearish price target for the stock is $72 and $58 respectively for the short term. The average price target of all the analysts comes to $66.44. The estimated standard deviation from the target is $3.79.

Starbucks Corporation (SBUX) : The consensus on Starbucks Corporation (SBUX) based on 18 analyst recommendation on the company stock is 1.58, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 12 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst believes that the stock is a Buy, which can produce decent returns in the future. 5 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.


Also, Brokerage firm Goldman Sachs maintains its rating on Starbucks Corporation (NASDAQ:SBUX). The shares have been rated Buy. The rating by the firm was issued on July 26, 2016.

Starbucks Corporation (NASDAQ:SBUX): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $56.30 and $55.83 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $56.56. The buying momentum continued till the end and the stock did not give up its gains. It closed at $56.31, notching a gain of 0.14% for the day. The total traded volume was 6,230,148 . The stock had closed at $56.23 on the previous day.

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.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.