Starbucks (SBUX) Stock Forecast & Price Target

$92.78

-0.23 (-0.25%)

(As of 08/21/2024 ET)

Starbucks - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy
Based on 27 Analyst Ratings

Based on 27 Wall Street analysts who have issued ratings for Starbucks in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 27 analysts, 1 has given a sell rating, 10 have given a hold rating, 15 have given a buy rating, and 1 has given a strong buy rating for SBUX.

Consensus Price Target

$99.21
6.93% Upside

High Forecast	$120.00
Average Forecast	$99.21
Low Forecast	$80.00

According to the 27 analysts' twelve-month price targets for Starbucks, the average price target is $99.21. The highest price target for SBUX is $120.00, while the lowest price target for SBUX is $80.00. The average price target represents a forecasted upside of 6.93% from the current price of $92.78.

Type	Current Forecast 8/23/23 to 8/22/24	1 Month Ago 7/24/23 to 7/23/24	3 Months Ago 5/25/23 to 5/24/24	1 Year Ago 8/23/22 to 8/23/23
Consensus Rating	Moderate Buy	Hold	Hold	Moderate Buy
Strong Buy	1 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	15 Buy rating(s)	10 Buy rating(s)	9 Buy rating(s)	12 Buy rating(s)
Hold	10 Hold rating(s)	16 Hold rating(s)	16 Hold rating(s)	11 Hold rating(s)
Sell	1 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$99.21	$91.71	$96.43	$112.88
Forecasted Upside	6.93% Upside	14.14% Upside	14.36% Upside	10.26% Upside

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SBUX Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

SBUX Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Starbucks Stock vs. The Competition

Type	Starbucks	Retail/Wholesale Companies	S&P 500
Consensus Rating Score	2.59	2.46	2.51
Consensus Rating	Moderate Buy	Hold	Moderate Buy
Predicted Upside	6.93% Upside	384.76% Upside	8.74% Upside
News Sentiment Rating	Neutral News	Neutral News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
8/21/2024	DZ Bank 4 of 5 stars		Downgrade	Hold ➝ Sell	$85.00	-8.61%
8/14/2024	Citigroup 3 of 5 stars		Boost Target	Neutral ➝ Neutral	$82.00 ➝ $98.00	+6.87%
8/14/2024	Barclays 3 of 5 stars		Boost Target	Overweight ➝ Overweight	$93.00 ➝ $110.00	+18.69%
8/14/2024	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Hold ➝ Buy	$80.00 ➝ $110.00	+14.70%
8/14/2024	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Hold ➝ Buy	$85.00 ➝ $118.00	+23.04%
8/14/2024	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating	D. Palmer Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	In-Line ➝ Outperform	$80.00 ➝ $120.00	+25.13%
Get the Latest News and Ratings for SBUX and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Starbucks and its competitors with MarketBeat's FREE daily newsletter.
8/13/2024	Baird R W Subscribe to MarketBeat All Access for the recommendation accuracy rating	D. Tarantino Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold ➝ Strong-Buy
8/13/2024	Wedbush Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Neutral ➝ Neutral	$80.00 ➝ $80.00	-14.23%
8/13/2024	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating	A. Charles Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold ➝ Buy	$81.00 ➝ $105.00	+10.63%
8/13/2024	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating	B. Mullan Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Neutral ➝ Overweight	$85.00 ➝ $103.00	+8.52%
8/13/2024	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Neutral ➝ Outperform	$81.00 ➝ $110.00	+42.80%
7/31/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Overweight ➝ Overweight	$98.00 ➝ $98.00	+23.63%
7/31/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Hold ➝ Hold	$84.00 ➝ $80.00	+5.35%
7/22/2024	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$120.00 ➝ $100.00	+30.72%
7/10/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight ➝ Overweight	$92.00 ➝ $90.00	+23.61%
6/13/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	C. Cho Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Buy	$100.00	+25.98%
6/10/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$108.00 ➝ $112.00	+37.37%
5/3/2024	HSBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Hold ➝ Hold	$107.00 ➝ $84.00	+14.90%
5/1/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$95.00 ➝ $85.00	+16.04%
5/1/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight ➝ Overweight	$105.00 ➝ $90.00	+22.87%
5/1/2024	BTIG Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$115.00 ➝ $100.00	+13.01%
5/1/2024	William Blair Subscribe to MarketBeat All Access for the recommendation accuracy rating	S. Zackfia Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Outperform ➝ Market Perform
4/19/2024	Guggenheim Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$100.00 ➝ $91.00	+4.07%
4/19/2024	Oppenheimer Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Market Perform ➝ Market Perform
1/31/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Sector Perform ➝ Sector Perform	$102.00	+9.23%
1/31/2024	Stephens Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Equal Weight ➝ Equal Weight	$110.00	+16.92%
1/16/2024	Gordon Haskett Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Hold	$100.00	+8.72%
5/3/2023	51job Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Maintains
5/3/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$122.00 ➝ $128.00	+11.83%
4/10/2023	OTR Global Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Mixed ➝ Positive
2/3/2023	Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform	$112.00 ➝ $116.00	+6.28%
1/20/2023	Tigress Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy	$136.00	+30.44%
9/14/2022	Fubon Bank Subscribe to MarketBeat All Access for the recommendation accuracy rating	Satine Lin Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Neutral ➝ Buy	$103.00	+17.26%
9/7/2022	Sanford C. Bernstein Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Market Perform	$94.00	+6.55%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 08:30 AM ET.

SBUX Forecast - Frequently Asked Questions

What is Starbucks' forecast for 2024?: According to the research reports of 27 Wall Street equities research analysts, the average twelve-month stock price forecast for Starbucks is $99.21, with a high forecast of $120.00 and a low forecast of $80.00.
Should I buy or sell Starbucks stock right now?: 27 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Starbucks in the last twelve months. There is currently 1 sell rating, 10 hold ratings, 15 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" SBUX shares.
Does Starbucks's stock price have much upside?: According to analysts, Starbucks's stock has a predicted upside of 15.27% based on their 12-month stock forecasts.
Has Starbucks been upgraded or downgraded by Wall Street analysts recently?: Over the previous 90 days, Starbucks's stock had 7 upgrades and 2 downgrades by analysts.
What analysts cover Starbucks?: Starbucks has been rated by research analysts at Baird R W, Bank of America, Barclays, BMO Capital Markets, Citigroup, Deutsche Bank Aktiengesellschaft, DZ Bank, Evercore ISI, Jefferies Financial Group, JPMorgan Chase & Co., Morgan Stanley, Piper Sandler, Robert W. Baird, Stifel Nicolaus, TD Cowen, The Goldman Sachs Group, and Wedbush in the past 90 days.
Do Wall Street analysts like Starbucks more than its competitors?: Analysts like Starbucks more than other "retail/wholesale" companies. The consensus rating for Starbucks is Moderate Buy while the average consensus rating for "retail/wholesale" companies is Hold. Learn more on how SBUX compares to other companies.