Starbucks Corporation (SBUX)
NASDAQ: SBUX · Real-Time Price · USD
97.47
+1.85 (1.93%)
At close: Sep 26, 2024, 4:00 PM
97.59
+0.12 (0.12%)
After-hours: Sep 26, 2024, 6:07 PM EDT
Starbucks Stock Forecast
Stock Price Forecast
The 23 analysts with 12-month price forecasts for Starbucks stock have an average target of 100.43, with a low estimate of 76 and a high estimate of 120. The average target predicts an increase of 3.04% from the current stock price of 97.47.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for Starbucks stock from 25 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Apr '24 | May '24 | Jun '24 | Jul '24 | Aug '24 | Sep '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 3 | 3 | 3 | 3 | 6 | 6 |
| Buy | 7 | 6 | 6 | 5 | 7 | 8 |
| Hold | 13 | 13 | 13 | 14 | 10 | 9 |
| Sell | 0 | 0 | 0 | 0 | 0 | 1 |
| Strong Sell | 0 | 0 | 0 | 0 | 1 | 1 |
| Total | 23 | 22 | 22 | 22 | 24 | 25 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Bernstein | Bernstein | Hold → Buy Upgrades $92 → $115 | Hold → Buy | Upgrades | $92 → $115 | +17.99% | Sep 26, 2024 |
| Jefferies | Jefferies | Hold → Sell Downgrades $80 → $76 | Hold → Sell | Downgrades | $80 → $76 | -22.03% | Sep 24, 2024 |
| B of A Securities | B of A Securities | Strong Buy Maintains $112 → $118 | Strong Buy | Maintains | $112 → $118 | +21.06% | Sep 18, 2024 |
| TD Cowen | TD Cowen | Strong Buy Reiterates $110 | Strong Buy | Reiterates | $110 | +12.86% | Sep 12, 2024 |
| BMO Capital | BMO Capital | Buy Maintains $100 → $110 | Buy | Maintains | $100 → $110 | +12.86% | Sep 9, 2024 |
Financial Forecast
Revenue This Year
37.25B
from 35.98B
Increased by 3.53%
Revenue Next Year
39.81B
from 37.25B
Increased by 6.89%
EPS This Year
3.64
from 3.58
Increased by 1.54%
EPS Next Year
4.05
from 3.64
Increased by 11.33%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|
| High | 38.6B | 42.0B | 45.5B | |||
| Avg | 37.2B | 39.8B | 43.0B | |||
| Low | 35.6B | 37.3B | 39.6B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|
| High | 7.3% | 12.9% | 14.4% | |||
| Avg | 3.5% | 6.9% | 8.0% | |||
| Low | -1.0% | 0.1% | -0.5% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|
| High | 3.89 | 4.43 | 4.90 | |||
| Avg | 3.64 | 4.05 | 4.56 | |||
| Low | 3.39 | 3.65 | 4.10 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|
| High | 8.5% | 21.9% | 21.2% | |||
| Avg | 1.5% | 11.3% | 12.7% | |||
| Low | -5.3% | 0.3% | 1.2% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.