Stocks of Starbucks Corp (NASDAQ:SBUX) traded higher last session on Wall Street, up 3.09% to $87.01.
SBUX stock price is now -0.53% away from the 50-day moving average and -9.13% away from the 200-day moving average. The market capitalization of the company currently stands at $98.88B.
With the price target maintained at $85, Goldman recently Downgraded its rating from Buy to Neutral for Starbucks Corp (NASDAQ: SBUX). On April 22, 2025, Wells Fargo reiterated its ‘Overweight’ rating on the stock by increasing its target price from $125 to quote $100, while ‘Jefferies’ rates the stock as ‘Hold’
In other news, KELLY SARA, evp, chief partner officer sold 19,102 shares of the company’s stock on Nov 29 ’24. The stock was sold for $1,936,370 at an average price of $101.37. Upon completion of the transaction, the evp, chief partner officer now directly owns 46,115 shares in the company, valued at $4.01 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 29 ’24, Officer KELLY SARA bought 19,102 shares of the business’s stock. A total of $1,936,370 was incurred on buying the stock at an average price of $101.37. A total of 0.22% 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 $117.46.
The company reported revenue of $8.76 billion for the quarter, compared to $8.56 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 2.32 percent.
