Wall Street sets Starbucks stock price for the next 12 months

Thanks to recent strong Q1 earnings and major expansion plans in China, Starbucks (NASDAQ: SBUX) stock is flying high right now.

Since January 28, when it traded at $100.41, the SBUX price has increased by 13.2%. On Wednesday, February 12, the closing price was set at $113.04—a solid 1.81% increase from the previous close. Also, the stock reached a day high of $113.19 and a low of $110.40.

The widely popular coffeehouse chain’s market cap stands at $128.4 billion—with a price-earnings (P/E) ratio of 36.53—all while seeing a 52-week high of $113.19 and a low of $71.55, with a dividend yield of 2.16%.

Wall Street’s take on SBUX stock

Although in a solid place right now, analysts have set a 12-month average price target of $110.70 for Starbucks, indicating a 2.07% potential downside from the current price, according to TipRanks.

The price target range spans from a low of $76 to a high of $125. Analysts’ consensus rating is still a ‘Moderate Buy,’ which reflects confidence in SBUX over the next year with only 1 sell rating.

In addition to that, there’s a bullish sentiment about Starbucks’ growth prospects, with analysts citing improved international trends and efficiency gains as key drivers.

The company’s new leadership is showing positive results with improved performance metrics in the first quarter. However, there are concerns about rising coffee prices and potential margin risks.

Despite these challenges, the consensus remains positive, with expectations of continued sales improvement in both the US and China.