Starbucks Price Target Increased to $69.00 by Analysts at Lazard Capital Markets (SBUX)
Starbucks (NASDAQ: SBUX) had its target price lifted by Lazard Capital Markets from $64.00 to $69.00 in a research note issued to investors on Friday. The firm currently has a buy rating on the stock.
A number of other analysts have also recently weighed in on SBUX. Analysts at Oppenheimer reiterated an outperform rating on shares of Starbucks in a research note to investors on Thursday, March 7th. They now have a $62.00 price target on the stock. Separately, analysts at Zacks reiterated a neutral rating on shares of Starbucks in a research note to investors on Tuesday, March 5th. They now have a $58.00 price target on the stock. Finally, analysts at Morgan Stanley raised their price target on shares of Starbucks from $57.00 to $61.00 in a research note to investors on Tuesday, March 5th. They now have an overweight rating on the stock.
Nineteen equities research analysts have rated the stock with a buy rating, five have given an overweight rating, and seven have issued a hold rating to the stock. The company presently has an average rating of overweight and a consensus price target of $63.19.
Starbucks opened at 58.61 on Friday. Starbucks has a 52-week low of $43.04 and a 52-week high of $62.00. The stock’s 50-day moving average is currently $55.61. The company has a market cap of $43.916 billion and a price-to-earnings ratio of 31.53.
Starbucks Corporation is a roaster, marketer and retailer of coffee operating in 60 countries. The Company purchases and roasts coffees that it sells, along with handcrafted coffee, tea and other beverages and a variety of fresh food items, through Company-operated stores.
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