Starbucks Corp. (NASDAQ:SBUX) shares traded -1.08% lower at $94.45 on Wall Street last session.
SBUX stock price is now 8.96% away from the 50-day moving average and 8.22% away from the 200-day moving average. The market capitalization of the company currently stands at $107.03B.
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 reduced from $80 to $76, Jefferies Downgraded its rating from Hold to Underperform for Starbucks Corp. (NASDAQ: SBUX). On September 18, 2024, BofA Securities reiterated its ‘Buy’ rating on the stock by increasing its target price from $112 to quote $118, while ‘DZ Bank’ rates the stock as ‘Sell’
In other news, KNUDSTORP JORGEN VIG, Director bought 380 shares of the company’s stock on Sep 06 ’24. The stock was bought for $34,770 at an average price of $91.50. Upon completion of the transaction, the Director now directly owns 36,242 shares in the company, valued at $3.42 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 27 ’24, Former Officer and Director Narasimhan Laxman bought 39,678 shares of the business’s stock. A total of $3,882,152 was incurred on buying the stock at an average price of $97.84. 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 $128974643200, which is based on a 26.47 price-to-earnings ratio, a 3.46 price-to-earnings-growth ratio, and a beta of 0.96. The fifty day moving average price for SBUX is $87.1192 and a two-hundred day moving average price translates $87.26035 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.
Starbucks Corp.(SBUX) Company Profile
Starbucks Corporation, together with its subsidiaries, operates as a roaster, marketer, and retailer of coffee worldwide. The company operates through three segments: North America, International, and Channel Development. Its stores offer coffee and tea beverages, roasted whole beans and ground coffees, single serve products, and ready-to-drink beverages; and various food products, such as pastries, breakfast sandwiches, and lunch items. The company also licenses its trademarks through licensed stores, and grocery and foodservice accounts. The company offers its products under the Starbucks Coffee, Teavana, Seattle’s Best Coffee, Ethos, Starbucks Reserve, and Princi brands. Starbucks Corporation was founded in 1971 and is based in Seattle, Washington.
