TD Cowen analyst Andrew Charles maintained a Hold rating on Starbucks today and set a price target of $88.00. The company’s shares opened today at $86.50.
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Charles covers the Consumer Cyclical sector, focusing on stocks such as CAVA Group, Inc., McDonald’s, and Starbucks. According to TipRanks, Charles has an average return of 7.7% and a 51.01% success rate on recommended stocks.
In addition to TD Cowen, Starbucks also received a Hold from William Blair’s Sharon Zackfia in a report issued on September 25. However, on September 29, Wells Fargo maintained a Buy rating on Starbucks (NASDAQ: SBUX).
Based on Starbucks’ latest earnings release for the quarter ending June 29, the company reported a quarterly revenue of $9.46 billion and a net profit of $558.3 million. In comparison, last year the company earned a revenue of $9.11 billion and had a net profit of $1.05 billion
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