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How Does Starbucks Corp (SBUX) Stock Rank on Wall Street Tuesday?

Tuesday, February 27, 2024 11:14 AM | InvestorsObserver Analysts

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How Does Starbucks Corp (SBUX) Stock Rank on Wall Street Tuesday?

Wall Street is positive on Starbucks Corp (SBUX). On average, analysts give the stock a Buy rating. The average price target is $108.086, which means analysts expect the stock to climb by 14.75% over the next twelve months. That average ranking earns the stock an Analyst Rating of 31, which is better than 31% of stocks based on data compiled by InvestorsObserver.

Overall Score - 3.8
Wall Street analysts are rating SBUX a Buy today. Find out what this means to you and get the rest of the rankings on SBUX!

Why are Analyst Ratings Important?

Analysts know the inner workings of the companies they follow better than anyone but the companies’ management. You can learn a lot about a company from studying the financial statements, but analysts ask questions on conference calls and understand the intricacies of each of the businesses they cover. Analysts understand how bad weather in one part of the world can disrupt supply chains, or disrupt shopping patterns. This lets traders make decisions before a quarterly report that could be worse than expected. InvestorsObserver aggregates the ratings of all the analysts covering a given stock, takes the average of those ratings and then percentile ranks the averages. That provides a level of granularity that is significantly better than just the three levels provided by traditional buy/hold/sell ratings.

What's Happening With Starbucks Corp Stock Today?

Starbucks Corp (SBUX) stock is trading at $94.19 as of 11:13 AM on Tuesday, Feb 27, a decline of -$0.09, or -0.1% from the previous closing price of $94.28. Volume today is less active than usual. So far 1,260,363 shares have traded compared to average volume of 9,901,308 shares. The stock has traded between $93.82 and $94.66 so far today. Click Here to get the full Stock Report for Starbucks Corp stock.

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