Starbucks Corp. [SBUX] stock Upgrade by Bernstein analyst, price target now $115

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Starbucks Corp. [NASDAQ: SBUX] closed the trading session at $97.49.

The stocks have a year to date performance of 1.54 percent and weekly performance of 2.11 percent. The stock has been moved at 6.51 percent over the last six months. The stock has performed 2.77 percent around the most recent 30 days and changed 26.40 percent over the most recent 3-months.

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If compared to the average trading volume of 14.56M shares, SBUX reached to a volume of 6397371 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about 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 $100.88 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 2.06. 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.

Bernstein have made an estimate for Starbucks Corp. shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on September 26, 2024. While these analysts kept the previous recommendation, Jefferies dropped their target price from $80 to $76. The new note on the price target was released on September 24, 2024, representing the official price target for Starbucks Corp. stock. Previously, the target price had yet another raise from $112 to $118, while BofA Securities kept a Buy rating on SBUX stock.

The Average True Range (ATR) for Starbucks Corp. is set at 2.16, with the Price to Sales ratio for SBUX stock in the period of the last 12 months amounting to 3.03. Price to Free Cash Flow for SBUX in the course of the last twelve months was 28.87 with Quick ratio for the last quarter at 0.65.

SBUX stock trade performance evaluation

Starbucks Corp. [SBUX] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 2.11. With this latest performance, SBUX shares gained by 2.77% in over the last four-week period, additionally plugging by 6.51% over the last 6 months – not to mention a rise of 7.04% 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 61.00, with the RSI for the last a single of trading hit 61.11, and the three-weeks RSI is set at 60.93 for Starbucks Corp. [SBUX]. The present Moving Average for the last 50 days of trading for this stock 88.80, while it was recorded at 96.48 for the last single week of trading, and 87.25 for the last 200 days.

Starbucks Corp. [SBUX]: An insightful look at the core 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.

Earnings per share (EPS) analysis for Starbucks Corp. [SBUX] stock

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 8.33%.

Starbucks Corp. [SBUX]: Institutional Ownership

There are presently around $77.99%, or 79.61%% 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%.