Tigress Financial analyst Ivan Feinseth reiterated a Buy rating on Starbucks (SBUX – Research Report) today and set a price target of $136.00. The company’s shares closed last Wednesday at $80.98, close to its 52-week low of $78.92.
According to TipRanks.com, Feinseth is a 5-star analyst with an average return of 14.4% and a 62.8% success rate. Feinseth covers the Technology sector, focusing on stocks such as International Business Machines, Dolby Laboratories, and Alphabet Class A.
Currently, the analyst consensus on Starbucks is a Moderate Buy with an average price target of $112.70, representing a 41.1% upside. In a report issued on April 4, Jefferies also maintained a Buy rating on the stock with a $130.00 price target.
Starbucks’ market cap is currently $91.78B and has a P/E ratio of 21.52.
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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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