Starbucks (SBUX) Stock Forecast & Price Target

$102.46 +0.95 (+0.94%)

(As of 11/29/2024 05:27 PM ET)

Starbucks - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy

Based on 29 Analyst Ratings

Sell
3

Hold
8

Buy
18

Based on 29 Wall Street analysts who have issued ratings for Starbucks in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 29 analysts, 3 have given a sell rating, 8 have given a hold rating, 17 have given a buy rating, and 1 has given a strong buy rating for SBUX.

Consensus Price Target

$103.77
1.28% Upside

According to the 29 analysts' twelve-month price targets for Starbucks, the average price target is $103.77. The highest price target for SBUX is $120.00, while the lowest price target for SBUX is $76.00. The average price target represents a forecasted upside of 1.28% from the current price of $102.46.

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SBUX Analyst Ratings Over Time

Type	Current Forecast 12/1/23 to 11/30/24	1 Month Ago 11/1/23 to 10/31/24	3 Months Ago 9/2/23 to 9/1/24	1 Year Ago 12/1/22 to 12/1/23
Strong Buy	1 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	17 Buy rating(s)	16 Buy rating(s)	15 Buy rating(s)	12 Buy rating(s)
Hold	8 Hold rating(s)	9 Hold rating(s)	10 Hold rating(s)	10 Hold rating(s)
Sell	3 Sell rating(s)	2 Sell rating(s)	1 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$103.77	$103.32	$99.21	$114.52
Forecasted Upside	1.28% Upside	5.75% Upside	4.90% Upside	15.45% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy

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SBUX Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

SBUX Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Starbucks Stock vs. The Competition

Type	Starbucks	Retail/Wholesale Companies	S&P 500
Consensus Rating Score	2.55	2.51	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	1.28% Upside	21.17% Upside	6.50% Upside
News Sentiment Rating	Positive News See Recent SBUX News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
11/26/2024	Wells Fargo & Company 3 of 5 stars		Boost Target	Overweight ➝ Overweight	$110.00 ➝ $115.00	+12.92%
11/15/2024	Royal Bank of Canada 4 of 5 stars	L. Reich Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Outperform ➝ Outperform	$115.00 ➝ $115.00	+15.89%
11/13/2024	Redburn Atlantic 5 of 5 stars		Reiterated Rating	Neutral ➝ Sell	$84.00 ➝ $77.00	-22.06%
11/11/2024	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating	A. Charles Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Buy ➝ Buy	$110.00 ➝ $110.00	+12.76%
10/31/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$96.00 ➝ $99.00	+1.33%
10/31/2024	Wedbush Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$98.00 ➝ $95.00	-2.86%
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10/31/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight ➝ Overweight	$110.00 ➝ $108.00	+10.89%
10/31/2024	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$105.00 ➝ $110.00	+12.95%
10/23/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$85.00 ➝ $95.00	-1.32%
10/22/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$118.00 ➝ $117.00	+20.54%
10/17/2024	BTIG Research Subscribe to MarketBeat All Access for the recommendation accuracy rating	Peter Saleh Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy ➝ Buy	$100.00 ➝ $115.00	+20.94%
10/16/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$98.00 ➝ $115.00	+21.00%
9/30/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$90.00 ➝ $105.00	+8.61%
9/26/2024	Sanford C. Bernstein Subscribe to MarketBeat All Access for the recommendation accuracy rating	D. Gargiulo Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Market Perform ➝ Outperform	$92.00 ➝ $115.00	+20.27%
9/24/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Hold ➝ Underperform	$80.00 ➝ $76.00	-20.40%
9/9/2024	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$100.00 ➝ $110.00	+20.44%
8/26/2024	Oppenheimer Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Market Perform ➝ Market Perform
8/21/2024	DZ Bank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Hold ➝ Sell	$85.00	-8.61%
8/14/2024	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Hold ➝ Buy	$85.00 ➝ $118.00	+23.04%
8/14/2024	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating	D. Palmer Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	In-Line ➝ Outperform	$80.00 ➝ $120.00	+25.13%
8/13/2024	Baird R W Subscribe to MarketBeat All Access for the recommendation accuracy rating	D. Tarantino Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold ➝ Strong-Buy
8/13/2024	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating	B. Mullan Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Neutral ➝ Overweight	$85.00 ➝ $103.00	+8.52%
8/13/2024	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Neutral ➝ Outperform	$81.00 ➝ $110.00	+42.80%
6/13/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	C. Cho Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Buy	$100.00	+25.98%
5/3/2024	HSBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Hold ➝ Hold	$107.00 ➝ $84.00	+14.90%
5/1/2024	William Blair Subscribe to MarketBeat All Access for the recommendation accuracy rating	S. Zackfia Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Outperform ➝ Market Perform
4/19/2024	Guggenheim Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$100.00 ➝ $91.00	+4.07%
1/31/2024	Stephens Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Equal Weight ➝ Equal Weight	$110.00	+16.92%
1/16/2024	Gordon Haskett Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Hold	$100.00	+8.72%
5/3/2023	51job Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Maintains
5/3/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$122.00 ➝ $128.00	+11.83%
4/10/2023	OTR Global Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Mixed ➝ Positive
2/3/2023	Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform	$112.00 ➝ $116.00	+6.28%
1/20/2023	Tigress Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy	$136.00	+30.44%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 01:36 AM ET.

Should I Buy Starbucks Stock? SBUX Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Sunday, November 24, 2024. Please send any questions or comments about these Starbucks pros and cons to contact@marketbeat.com.

Starbucks
Bull Case

Here are some ways that investors could benefit from investing in Starbucks Co.:

Starbucks Co. has recently seen an increase in its stock price, currently trading at $99.86, reflecting positive market sentiment and potential for growth.
The company has a strong institutional backing, with 72.29% of its stock owned by institutional investors and hedge funds, indicating confidence in its long-term performance.
Starbucks Co. has increased its quarterly dividend to $0.61, up from $0.57, which translates to an annualized yield of 2.48%. This increase in dividends can provide a steady income stream for investors.
Analysts have a consensus rating of "Moderate Buy" for Starbucks Co., with a target price averaging $102.81, suggesting potential upside from the current trading price.
Despite a slight decline in revenue year-over-year, the company reported earnings per share (EPS) of $0.80, meeting consensus estimates, which demonstrates resilience in its earnings performance.

Starbucks
Bear Case

Investors should be bearish about investing in Starbucks Co. for these reasons:

The company reported a revenue decline of 3.2% year-over-year, which may raise concerns about its growth trajectory and market competitiveness.
Starbucks Co. has a negative return on equity of 46.39%, indicating that the company is not generating profit effectively from its equity, which could be a red flag for potential investors.
With a price-to-earnings (P/E) ratio of 29.69, the stock may be considered overvalued compared to its earnings, suggesting that investors might be paying a premium for the stock.
Recent changes in analyst ratings show mixed sentiments, with three analysts issuing sell ratings, which could indicate potential risks in the stock's performance.
The company operates in a highly competitive market, facing challenges from both established brands and new entrants, which could impact its market share and profitability.

SBUX Forecast - Frequently Asked Questions

: According to the research reports of 29 Wall Street equities research analysts, the average twelve-month stock price forecast for Starbucks is $103.77, with a high forecast of $120.00 and a low forecast of $76.00.
: 29 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Starbucks in the last twelve months. There are currently 3 sell ratings, 8 hold ratings, 17 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" SBUX shares.
: According to analysts, Starbucks's stock has a predicted upside of 1.28% based on their 12-month stock forecasts.
: Over the previous 90 days, Starbucks's stock had 1 upgrade and 1 downgrade by analysts.
: Starbucks has been rated by research analysts at Bank of America, Barclays, BMO Capital Markets, BTIG Research, Citigroup, Jefferies Financial Group, JPMorgan Chase & Co., Morgan Stanley, Redburn Atlantic, Royal Bank of Canada, Sanford C. Bernstein, Stifel Nicolaus, TD Cowen, UBS Group, Wedbush, and Wells Fargo & Company in the past 90 days.
: Analysts like Starbucks more than other "retail/wholesale" companies. The consensus rating score for Starbucks is 2.55 while the average consensus rating score for "retail/wholesale" companies is 2.51. Learn more on how SBUX compares to other companies.

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This page (NASDAQ:SBUX) was last updated on 11/30/2024 by MarketBeat.com Staff

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Starbucks (SBUX) Stock Forecast & Price Target