Starbucks Stock Price Forecast: Analysts Predict Bright Future
Average Analyst Price Target
According to the latest analysis, the average 12-month price forecast for Starbucks stock (SBUX) among 20 analysts is positive. The average analyst price target is $89.61, with a maximum estimate of $112 and a minimum estimate of $87.37.
Positive Outlook
Analysts cited several factors contributing to their bullish outlook, including the company's strong brand recognition, loyal customer base, and ongoing expansion plans. Starbucks continues to invest in new store openings, both domestically and internationally, and is expected to benefit from increased consumer spending in the coming months.
Additionally, the company's recent acquisition of the Prince Castle bakery chain is seen as a strategic move that will allow Starbucks to expand its food offerings and enhance its drive-thru capabilities.
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