Evercore ISI analyst David Palmer maintained a Hold rating on Starbucks on Wednesday, setting a price target of $120, which is approximately 6.76% above the present share price of $112.4.
Palmer expects Starbucks to post earnings per share (EPS) of $0.53 for the second quarter of 2021.
The current consensus among 25 TipRanks analysts is for a Moderate Buy rating of shares in Starbucks, with an average price target of $125.09.
The analysts price targets range from a high of $140 to a low of $104.
In its latest earnings report, released on 12/31/2020, the company reported a quarterly revenue of $6.75 billion and a net profit of $903 million. The company's market cap is $132.33 billion.
According to TipRanks.com, Evercore ISI analyst David Palmer is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 10.0% and a 68.15% success rate.
Founded in 1985, Starbucks Corp (NASDAQ:SBUX). is a Washington-based roaster and retailer of specialty coffee, with over 30,000 stores in 80 markets. It operates through three segments, including Americas, International and Channel Development. Starbucks stores offer coffee and tea beverages, roasted whole bean and ground coffees, single-serve and ready-to-drink beverages, food items such as pastries, sandwiches, salads, oatmeals, as well as a variety of merchandise. The company's leading brands include Evolution Fresh, Teavana, Tazo Tea and Seattle's Best.