Citigroup sets a price target of $99 for Starbucks, indicating a potential increase of approximately 3.03%.
Starbucks’ current stock price is $96.09, with a trading day fluctuation between $95.36 and $96.51.
The company maintains a robust market capitalization of approximately $108.9 billion, showcasing its strong market position.
Starbucks Corporation, listed on the NASDAQ:SBUX, is a global coffeehouse chain known for its premium coffee and diverse menu offerings. With a strong presence worldwide, Starbucks competes with other major coffee brands like Dunkin’ and McDonald’s. On October 7, 2024, Jon Tower from Citigroup set a price target of $99 for Starbucks, while the stock was trading at $96.09.
The price target set by Citigroup suggests a potential increase of approximately 3.03% from the current stock price. This target aligns with the favorable ratings from Wall Street analysts, who recommend Starbucks as a buy. Such endorsements can influence investor decisions and potentially drive the stock price closer to the target.
Currently, Starbucks’ stock price is $96.09, reflecting a slight decrease of $0.49, or about -0.51%. Throughout the trading day, the stock has seen fluctuations, with a low of $95.36 and a high of $96.51. This volatility is typical in the stock market and can be influenced by various factors, including analyst recommendations.
Over the past year, Starbucks’ stock has experienced significant highs and lows, reaching a peak of $107.66 and a low of $71.55. Despite these fluctuations, the company maintains a robust market capitalization of approximately $108.9 billion, indicating its strong position in the market.
The trading volume for Starbucks is 6,662,338 shares, reflecting active investor interest. As highlighted by Zacks, the positive analyst ratings and the set price target may continue to attract investors, potentially impacting the stock’s future performance.