BofA analyst Sara Senatore has revised the price target for Starbucks (SBUX, Financial) from $120 to $101. Despite this reduction, the analyst maintains a Buy rating on the company's shares. This change is part of a broader adjustment within the firm's restaurant sector analysis, where estimates and price targets for over 20 companies are being fine-tuned ahead of the calendar Q1 review.
The adjustments reflect an updated outlook on company estimates and market multiples within the restaurant industry. Starbucks remains a focal point after these strategic revisions by BofA, indicating continued confidence in the company's long-term performance despite the lowered price target.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 31 analysts, the average target price for Starbucks Corp (SBUX, Financial) is $103.27 with a high estimate of $125.00 and a low estimate of $76.00. The average target implies an upside of 26.71% from the current price of $81.50. More detailed estimate data can be found on the Starbucks Corp (SBUX) Forecast page.
Based on the consensus recommendation from 39 brokerage firms, Starbucks Corp's (SBUX, Financial) average brokerage recommendation is currently 2.5, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Starbucks Corp (SBUX, Financial) in one year is $106.03, suggesting a upside of 30.1% from the current price of $81.5. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Starbucks Corp (SBUX) Summary page.
