The price of Starbucks Corp. (NASDAQ:SBUX) shares last traded on Wall Street fell -0.56% to $79.28.
SBUX stock price is now -1.52% away from the 50-day moving average and -13.00% away from the 200-day moving average. The market capitalization of the company currently stands at $89.80B.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
With the price target of $100, Goldman recently initiated with Buy rating for Starbucks Corp. (NASDAQ: SBUX). On May 03, 2024, DZ Bank Downgraded its previous ‘Buy’ rating to ‘Hold’ on the stock keeping its target price maintained at $75, while ‘William Blair’ rates the stock as ‘Mkt Perform’
In other news, Conway Michael Aaron, ceo, North America sold 3,250 shares of the company’s stock on Jun 14 ’24. The stock was sold for $260,000 at an average price of $80.00. Upon completion of the transaction, the ceo, North America now directly owns 78,304 shares in the company, valued at $6.21 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 22 ’24, evp, cfo Ruggeri Rachel sold 3,750 shares of the business’s stock. A total of $300,000 was realized by selling the stock at an average price of $80.00. This leaves the insider owning 65,431 shares of the company worth $5.19 million. A total of 2.07% of the company’s stock is owned by insiders.
During the past 12 months, Starbucks Corp. has had a low of $71.80 and a high of $107.66. According to the stock market information, the enterprise value for the company is $111890456576, which is based on a 21.83 price-to-earnings ratio, a 2.68 price-to-earnings-growth ratio, and a beta of 0.94. The fifty day moving average price for SBUX is $80.3888 and a two-hundred day moving average price translates $91.05095 for the stock.
The latest earnings results from Starbucks Corp. (NASDAQ: SBUX) was released for 2024-03-31. The company reported revenue of $8.56 billion for the quarter, compared to $8.72 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -1.8 percent.
