Robert W. Baird analyst David Tarantino maintained a Buy rating on Starbucks on Monday, setting a price target of $144, which is approximately 25.53% above the present share price of $114.71.
Tarantino expects Starbucks to post earnings per share (EPS) of $0.98 for the fourth quarter of 2021.
The current consensus among 18 TipRanks analysts is for a Strong Buy rating of shares in Starbucks, with an average price target of $131.35.
The analysts price targets range from a high of $145 to a low of $105.
In its latest earnings report, released on 06/30/2021, the company reported a quarterly revenue of $7.5 billion and a net profit of $1.4 billion. The company's market cap is $135.25 billion.
According to TipRanks.com, Robert W. Baird analyst David Tarantino is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 14.3% and a 70.80% 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.