The stock of Starbucks Corp. (NASDAQ:SBUX) last traded at $92.30, down -2.65% from the previous session.
SBUX stock price is now 17.79% away from the 50-day moving average and 4.73% away from the 200-day moving average. The market capitalization of the company currently stands at $104.59B.
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 enhanced from $80 to $110, Stifel Upgraded its rating from Hold to Buy for Starbucks Corp. (NASDAQ: SBUX). On August 14, 2024, Evercore ISI Upgraded its previous ‘In-line’ rating to ‘Outperform’ on the stock increasing its target price from $80 to quote $120, while ‘Deutsche Bank’ rates the stock as ‘Buy’
In other news, Conway Michael Aaron, ceo, North America sold 3,250 shares of the company’s stock on Aug 15 ’24. The stock was sold for $305,598 at an average price of $94.03. Upon completion of the transaction, the ceo, North America now directly owns 75,054 shares in the company, valued at $6.93 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 13 ’24, interim ceo and evp, cfo Ruggeri Rachel sold 3,290 shares of the business’s stock. A total of $299,916 was realized by selling the stock at an average price of $91.16. This leaves the insider owning 62,502 shares of the company worth $5.77 million. A total of 2.15% of the company’s stock is owned by insiders.
During the past 12 months, Starbucks Corp. has had a low of $71.55 and a high of $107.66. According to the stock market information, the enterprise value for the company is $126538260480, which is based on a 25.87 price-to-earnings ratio, a 3.38 price-to-earnings-growth ratio, and a beta of 0.94. The fifty day moving average price for SBUX is $78.5754 and a two-hundred day moving average price translates $88.1303 for the stock.
The latest earnings results from Starbucks Corp. (NASDAQ: SBUX) was released for 2024-06-30. The company reported revenue of $9.11 billion for the quarter, compared to $9.17 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -0.59 percent.
