Starbucks Corp. (Symbol: SBUX) shares recently traded at $109.00, surpassing the average 12-month target price of $108.91 set by analysts. This shift prompts analysts to either downgrade valuations or adjust target prices upwards, contingent on the underlying business developments.
The average target price is based on inputs from 22 analysts, with estimates ranging from $87.00 to $138.00, reflecting a standard deviation of $13.016. As of now, the breakdown of analyst ratings includes 8 strong buy, 1 buy, 13 hold, and no sell ratings, resulting in an average rating of 2.23, indicating a favorable outlook.
