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Starbucks Corp has a consensus price target of $102.88 based on the ratings of 28 analysts. The high is $120 issued by Evercore ISI Group on August 14, 2024. The low is $76 issued by Jefferies on September 24, 2024. The 3 most-recent analyst ratings were released by RBC Capital, Redburn Atlantic, and TD Cowen on November 15, 2024, November 13, 2024, and November 11, 2024, respectively. With an average price target of $100.67 between RBC Capital, Redburn Atlantic, and TD Cowen, there's an implied 2.11% upside for Starbucks Corp from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Starbucks (NASDAQ:SBUX) was reported by RBC Capital on November 15, 2024. The analyst firm set a price target for $115.00 expecting SBUX to rise to within 12 months (a possible 16.64% upside). 89 analyst firms have reported ratings in the last year.
The latest analyst rating for Starbucks (NASDAQ:SBUX) was provided by RBC Capital, and Starbucks reiterated their outperform rating.
The last upgrade for Starbucks Corp happened on September 26, 2024 when Bernstein raised their price target to $115. Bernstein previously had a market perform for Starbucks Corp.
The last downgrade for Starbucks Corp happened on November 13, 2024 when Redburn Atlantic changed their price target from $84 to $77 for Starbucks Corp.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Starbucks, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Starbucks was filed on November 15, 2024 so you should expect the next rating to be made available sometime around November 15, 2025.
While ratings are subjective and will change, the latest Starbucks (SBUX) rating was a reiterated with a price target of $115.00 to $115.00. The current price Starbucks (SBUX) is trading at is $98.59, which is out of the analyst’s predicted range.
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