Starbucks Stock Receives Mixed Analyst Ratings
Starbucks Stock Receives Mixed Analyst Ratings

Starbucks Stock Receives Mixed Analyst Ratings

News summary

Starbucks shares have recently been upgraded by Evercore ISI from an in-line to outperform rating, with a new price target of $120, reflecting a significant increase from the previous $80. Other analysts have also raised their ratings and price targets, though there are mixed views with some lowering their targets, leading to a consensus rating of Moderate Buy and a target of $98.79. Despite a recent 26% increase in share price over the last month, the stock has underperformed over the last three years, with a 17% decline, despite growing earnings per share (EPS) by 14% annually during that period. The company is set to appoint Brian Niccol as CEO, which has generated optimism among investors, with shares rising 23% following the announcement. However, analysts caution that the stock remains high-risk, suggesting it may underperform in the next year despite recent gains. Overall, while Starbucks shows strong revenue growth, its stock performance has been inconsistent, prompting a closer examination of its fundamentals.

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