Robert W. Baird analyst David Tarantino maintained a Hold rating on Starbucks (SBUX – Research Report) on February 2 and set a price target of $110.00. The company’s shares closed last Friday at $104.30.
Tarantino covers the Services sector, focusing on stocks such as Jack In The Box, Darden, and Starbucks. According to TipRanks, Tarantino has an average return of 10.5% and a 65.46% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Starbucks with a $114.25 average price target, implying a 9.54% upside from current levels. In a report released on February 3, Citigroup also maintained a Hold rating on the stock with a $112.00 price target.
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The company has a one-year high of $110.83 and a one-year low of $67.61. Currently, Starbucks has an average volume of 6.71M.
Based on the recent corporate insider activity of 39 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of SBUX in relation to earlier this year.
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Founded in 1985, Starbucks Corp. is a Washington-based roaster and retailer of specialty coffee, with over 30,000 stores in 80 markets. It operates through three segments, including Americas, International and Channel Development. Starbucks stores offer coffee and tea beverages, roasted whole bean and ground coffees, single-serve and ready-to-drink beverages, food items such as pastries, sandwiches, salads, oatmeals, as well as a variety of merchandise. The company’s leading brands include Evolution Fresh, Teavana, Tazo Tea and Seattle’s Best.
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