Starbucks Stock Forecast

Stock Price Forecast

The 21 analysts with 12-month price forecasts for Starbucks stock have an average target of 108.29, with a low estimate of 90 and a high estimate of 150. The average target predicts an increase of 22.02% from the current stock price of 88.75.

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$90	$108.29	$105	$150
Change	+1.41%	+22.02%	+18.31%	+69.01%

Analyst Ratings

The average analyst rating for Starbucks stock from 23 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	Nov '23	Dec '23	Jan '24	Feb '24	Mar '24	Apr '24
Strong Buy	4	4	2	2	2	3
Buy	7	7	8	8	8	7
Hold	11	12	11	11	11	13
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	22	23	21	21	21	23

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Gregory Francfort Guggenheim	Guggenheim	Strong Buy Maintains $100 → $91	Strong Buy	Maintains	$100 → $91	+2.54%	Apr 19, 2024
Brian Bittner Oppenheimer	Oppenheimer	Hold Reiterates n/a	Hold	Reiterates	n/a	n/a	Apr 19, 2024
Andy Barish Jefferies	Jefferies	Hold Maintains $100 → $94	Hold	Maintains	$100 → $94	+5.92%	Apr 16, 2024
Agnes Lim TD Cowen	TD Cowen	Hold Reiterates $100	Hold	Reiterates	$100	+12.68%	Apr 12, 2024
Jon Tower Citigroup	Citigroup	Hold Maintains $102 → $95	Hold	Maintains	$102 → $95	+7.04%	Apr 12, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

39.58B

from 35.98B

10.01%

from 35.98B

Revenue Next Year

43.41B

from 39.58B

9.68%

from 39.58B

EPS This Year

4.13

from 3.58

15.49%

from 3.58

EPS Next Year

4.81

from 4.13

16.27%

from 4.13

Year	2019	2020	2021	2022	2023	2024	2025	2026	2027	2028
Revenue	26.51B	23.52B	29.06B	32.25B	35.98B	39.58B	43.41B	47.41B	54.32B	59.16B
Revenue Growth	7.24%	-11.28%	23.57%	10.98%	11.55%	10.01%	9.68%	9.22%	14.57%	8.90%
EPS	2.92	0.79	3.54	2.83	3.58	4.13	4.81	5.58	6.86	8.04
EPS Growth	-9.88%	-72.95%	348.10%	-20.06%	26.50%	15.49%	16.27%	16.06%	22.95%	17.25%
No. Analysts	-	-	-	-	-	36	36	18	4	4

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2024	2025	2026	2027	2028
High	41.6B	45.8B	50.0B	57.0B	63.1B
Avg	39.6B	43.4B	47.4B	54.3B	59.2B
Low	37.1B	40.3B	43.7B	51.1B	54.8B

Revenue Growth

Revenue Growth	2024	2025	2026	2027	2028
High	15.5%	15.6%	15.3%	20.3%	16.1%
Avg	10.0%	9.7%	9.2%	14.6%	8.9%
Low	3.2%	1.7%	0.8%	7.9%	0.9%

EPS Forecast

EPS	2024	2025	2026	2027	2028
High	4.37	5.41	6.43	7.37	8.72
Avg	4.13	4.81	5.58	6.86	8.04
Low	3.80	4.31	4.90	6.30	7.32

EPS Growth

EPS Growth	2024	2025	2026	2027	2028
High	22.0%	30.8%	33.7%	32.1%	27.1%
Avg	15.5%	16.3%	16.1%	22.9%	17.2%
Low	6.2%	4.3%	1.9%	12.9%	6.7%

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.