In a report released on October 7, John Ivankoe from J.P. Morgan maintained a Buy rating on Starbucks, with a price target of $95.00. The company’s shares closed yesterday at $80.04.
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According to TipRanks, Ivankoe is a 5-star analyst with an average return of 11.5% and a 61.18% success rate. Ivankoe covers the Consumer Cyclical sector, focusing on stocks such as Chipotle, McDonald’s, and Starbucks.
In addition to J.P. Morgan, Starbucks also received a Buy from Wells Fargo’s Zachary Fadem in a report issued on September 29. However, on October 3, TD Cowen maintained a Hold rating on Starbucks (NASDAQ: SBUX).
The company has a one-year high of $117.46 and a one-year low of $75.50. Currently, Starbucks has an average volume of 9.73M.
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