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Starbucks Corp has a consensus price target of $103.85 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 Wells Fargo, RBC Capital, and Redburn Atlantic on November 26, 2024, November 15, 2024, and November 13, 2024, respectively. With an average price target of $102.33 between Wells Fargo, RBC Capital, and Redburn Atlantic, there's an implied 16.25% 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 Wells Fargo on November 26, 2024. The analyst firm set a price target for $115.00 expecting SBUX to rise to within 12 months (a possible 30.64% upside). 89 analyst firms have reported ratings in the last year.
The latest analyst rating for Starbucks (NASDAQ:SBUX) was provided by Wells Fargo, and Starbucks maintained their overweight 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 26, 2024 so you should expect the next rating to be made available sometime around November 26, 2025.
While ratings are subjective and will change, the latest Starbucks (SBUX) rating was a maintained with a price target of $110.00 to $115.00. The current price Starbucks (SBUX) is trading at is $88.03, which is out of the analyst’s predicted range.
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