On Wednesday, December 21st, Jefferies & Company released a research report on Starbucks stock forecast downgrading the stock to a “Hold” rating from a Buy rating. The analyst cut the 12-month SBUX price target to $100 from $130 per share.
Starbucks Stock Forecast:
Based on the Starbucks stock forecast from 16 analysts, the average analyst target price for Starbucks Corporation (SBUX:NSD) is USD 92.42 over the next 12 months. Starbucks Corporation’saverage analyst rating is Buy.
Stock Target Advisor’s own stock analysis of Starbucks stock forecast is Bullish, which is based on 8 positive signals and 3 negative signals. At the last closing, Starbucks stock price was USD 98.00.
Starbucks stock price has changed by -4.03% over the past week, +0.05% over the past month and -9.33% over the last year.
Starbucks Corporation News:
Starbucks recently announced it will introduce its first group of American beta testers to Starbucks Odyssey, a blockchain-based loyalty program and NFT community.
The new project is an expansion of Starbucks’ current loyalty program, Starbucks Rewards, and makes use of web3 technology, such as the polygon blockchain and NFTs. It also contains NFTs with a coffee theme that relates to actual experiences.
Starbucks Odyssey was described as a means for its most devoted customers to earn prizes that went beyond the benefits they can now obtain, including free drinks, when it was first shown to investors earlier this year. Instead, Odyssey presents a new platform where users can participate in interactive “Journeys,” which are Starbucks’ name for NFTs, and earn collectible Journey Stamps.
Company Profile:
Starbucks Corporation, together with its subsidiaries, operates as a roaster, marketer, and retailer of specialty coffee worldwide.
The company operates through three segments: North America, International, and Channel Development.
Its stores offer coffee and tea beverages, roasted whole beans and ground coffees, single-serve products, and ready-to-drink beverages; and various food products, such as pastries, breakfast sandwiches, and lunch items.
The company also licenses its trademarks through licensed stores, and grocery and food services. It offers its products under Starbucks Coffee, Teavana, Seattle’s Best Coffee, Ethos, Starbucks Reserve, and Princi brands.
As of October 2, 2022, the company operated 17,295 company-operated and licensed stores in North America; and 18,416 company-operated and licensed stores internationally. Starbucks Corporation was founded in 1971 and is based in Seattle, Washington.
