Starbucks Corp. [NASDAQ: SBUX] stock went on an upward path that rose over 1.16% on Monday, amounting to a one-week price decrease of less than -2.50%.
Over the last 12 months, SBUX stock dropped by -3.04%. The one-year Starbucks Corp. stock forecast points to a potential upside of 6.75. The average equity rating for SBUX stock is currently 2.03, trading closer to a bullish pattern in the stock market.
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The market cap for the stock reached $104.49 billion, with 1.14 billion shares outstanding and 1.11 billion shares in the current float. Compared to the average trading volume of 14.83M shares, SBUX stock reached a trading volume of 10084498 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on Starbucks Corp. [SBUX]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for SBUX shares is $98.88 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on SBUX stock is a recommendation set at 2.03. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
DZ Bank have made an estimate for Starbucks Corp. shares, keeping their opinion on the stock as Sell, with their previous recommendation back on August 21, 2024. While these analysts kept the previous recommendation, Stifel dropped their target price from $80 to $110. The new note on the price target was released on August 14, 2024, representing the official price target for Starbucks Corp. stock. Previously, the target price had yet another raise from $80 to $120, while Evercore ISI kept a Outperform rating on SBUX stock. On August 14, 2024, analysts increased their price target for SBUX shares from 85 to 118.
The Average True Range (ATR) for Starbucks Corp. is set at 2.47, with the Price to Sales ratio for SBUX stock in the period of the last 12 months amounting to 2.87. Price to Free Cash Flow for SBUX in the course of the last twelve months was 27.31 with Quick ratio for the last quarter at 0.65.
SBUX Stock Performance Analysis:
Starbucks Corp. [SBUX] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.50. With this latest performance, SBUX shares gained by 21.73% in over the last four-week period, additionally plugging by 1.26% over the last 6 months – not to mention a drop of -3.04% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for SBUX stock in for the last two-week period is set at 57.55, with the RSI for the last a single of trading hit 53.36, and the three-weeks RSI is set at 58.60 for Starbucks Corp. [SBUX]. The present Moving Average for the last 50 days of trading for this stock 82.39, while it was recorded at 92.09 for the last single week of trading, and 87.46 for the last 200 days.
Insight into Starbucks Corp. Fundamentals:
Starbucks Corp.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.65 and a Current Ratio set at 0.89.
SBUX Stock EPS
With the latest financial reports released by the company, Starbucks Corp. posted 1.06/share EPS, while the average EPS was predicted by analysts to be reported at 0.97/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.09. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for SBUX. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Starbucks Corp. go to 7.65%.
Starbucks Corp. [SBUX] Institutonal Ownership Details
There are presently around $78.02%, or 79.65%% of SBUX stock, in the hands of institutional investors. The top three institutional holders of SBUX stocks are: VANGUARD GROUP INC with ownership of 109.42 million shares, which is approximately 9.6628%. BLACKROCK INC., holding 78.79 million shares of the stock with an approximate value of $$6.13 billion in SBUX stocks shares; and BLACKROCK INC., currently with $$3.55 billion in SBUX stock with ownership which is approximately 4.0213%.
