In a report released today, Danilo Gargiulo from Bernstein maintained a Hold rating on Starbucks (SBUX – Research Report), with a price target of $100.00. The company’s shares closed yesterday at $91.65.
According to TipRanks, Gargiulo is a 2-star analyst with an average return of 0.2% and a 71.43% success rate. Gargiulo covers the Consumer Cyclical sector, focusing on stocks such as Chipotle, Domino’s Pizza, and Starbucks.
Starbucks has an analyst consensus of Moderate Buy, with a price target consensus of $107.88.
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SBUX market cap is currently $104.7B and has a P/E ratio of 24.73.
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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.
Read More on SBUX:
- Starbucks Middle East franchisee slashes over 2,000 jobs, Reuters reports
- Starbucks (NASDAQ:SBUX) Escapes Boardroom Battle with Labor Unions – for Now
- Starbucks shareholder issues statement, withdraws director nominations
- Glass Lewis recommends Starbucks investors vote for only each Starbucks nominees
- Starbucks agrees to begin discussions with Workers United
