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Starbucks Corporation – Consenus Indicates Potential 15.3% Upside

Starbucks Corporation found using ticker (SBUX) now have 26 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price ranges between 112 and 75 calculating the average target price we see 94.58. With the stocks previous close at 82.02 this would imply there is a potential upside of 15.3%. The day 50 moving average is 85.31 and the 200 day moving average is 86.69. The market cap for the company is $98,973m. Company Website: http://www.starbucks.com

Starbucks Corporation, together with its subsidiaries, operates as a roaster, marketer, and retailer of specialty coffee worldwide. The company operates in four segments: Americas; China/Asia Pacific; Europe, Middle East, and Africa; and Channel Development. Its stores offer coffee and tea beverages, roasted whole bean and ground coffees, single-serve and ready-to-drink beverages, iced tea, and food and snacks; and various food products, such as pastries, breakfast sandwiches, and lunch items. The company also licenses its trademarks through licensed stores, and grocery and foodservice accounts. It offers its products under the Starbucks, Teavana, Tazo, Seattle’s Best Coffee, Evolution Fresh, La Boulange, Ethos, Frappuccino, Starbucks Reserve, Princi, Starbucks Doubleshot, Starbucks Refreshers, and Starbucks VIA brand names. As of October 15, 2019, the company operated approximately 30,000 stores. Starbucks Corporation was founded in 1971 and is based in Seattle, Washington.