Piper Sandler analyst Brian Mullan assigned a Hold rating to Starbucks (SBUX – Research Report) today and set a price target of $85.00. The company’s shares closed last Friday at $73.11.
Mullan covers the Consumer Cyclical sector, focusing on stocks such as Chipotle, Starbucks, and Texas Roadhouse. According to TipRanks, Mullan has an average return of 13.8% and a 65.27% success rate on recommended stocks.
In addition to Piper Sandler, Starbucks also received a Hold from DZ BANK AG’s Katharina Schmenger in a report issued on May 3. However, on May 1, Evercore ISI maintained a Buy rating on Starbucks (NASDAQ: SBUX).
SBUX market cap is currently $82.81B and has a P/E ratio of 20.13.
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Starbucks (SBUX) Company Description:
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.
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