tiprankstipranks
In this article:
Blurbs

Wedbush Maintains a Hold Rating on Starbucks (SBUX)

In this article:
In this article:

Wedbush analyst Nick Setyan maintained a Hold rating on Starbucks (SBUXResearch Report) on April 29 and set a price target of $81.00. The company’s shares closed last Friday at $74.64, close to its 52-week low of $74.48.

According to TipRanks.com, Setyan is a 4-star analyst with an average return of 6.4% and a 46.2% success rate. Setyan covers the Services sector, focusing on stocks such as Papa John’s International, The ONE Group Hospitality, and Brinker International.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Starbucks with a $105.18 average price target, implying a 38.4% upside from current levels. In a report issued on April 14, Morgan Stanley also maintained a Hold rating on the stock with a $94.00 price target.

See the top stocks recommended by analysts >>

Based on Starbucks’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $8.05 billion and net profit of $816 million. In comparison, last year the company earned revenue of $6.75 billion and had a net profit of $622 million.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.

Read More on SBUX:

Tired of arriving late to the Big Returns Party?​
Most investors don’t have major gainers like TSLA or NVDA on their radar from the start.
The profusion of opinions on social media and financial blogs makes it impossible to distinguish between real growth potential and pure hype.
​​For the past decade, we have developed and perfected technology designed to help private investors, just like you, find the best opportunities, with the greatest upside potential, in any financial climate.​
Learn More

Latest News Feed

In this article:

Latest News Feed