In yesterday’s Wall Street session, Starbucks Corp. (NASDAQ:SBUX) shares traded at $94.57, down -0.31% from the previous session.
SBUX stock price is now 16.99% away from the 50-day moving average and 7.65% away from the 200-day moving average. The market capitalization of the company currently stands at $107.17B.
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 maintained at $85, DZ Bank recently Downgraded its rating from Hold to Sell for Starbucks Corp. (NASDAQ: SBUX). On August 14, 2024, Stifel Upgraded its previous ‘Hold’ rating to ‘Buy’ on the stock increasing its target price from $80 to quote $110, while ‘Evercore ISI’ rates the stock as ‘Outperform’
In other news, Narasimhan Laxman, Former Officer and Director bought 39,678 shares of the company’s stock on Aug 27 ’24. The stock was bought for $3,882,152 at an average price of $97.84. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 15 ’24, ceo, North America Conway Michael Aaron sold 3,250 shares of the business’s stock. A total of $305,598 was realized by selling the stock at an average price of $94.03. This leaves the insider owning 75,054 shares of the company worth $7.1 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 $71.55 and a high of $107.66. According to the stock market information, the enterprise value for the company is $129110622208, which is based on a 26.51 price-to-earnings ratio, a 3.46 price-to-earnings-growth ratio, and a beta of 0.94. The fifty day moving average price for SBUX is $81.1306 and a two-hundred day moving average price translates $87.80585 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.
