Starbucks (SBUX) Stock Forecast, Price Target & Predictions
SBUX Stock Forecast
Starbucks stock forecast is as follows: an average price target of $110.76 (represents a 12.62% upside from SBUX’s last price of $98.35) and a rating consensus of 'Buy', based on 33 wall street analysts offering a 1-year stock forecast.
SBUX Price Target
The average price target for Starbucks (SBUX) is $110.76 based on 1-year price targets from 33 Wall Street analysts in the past 3 months, with a price target range of $265.00 to $70.00. This represents a potential 12.62% upside from SBUX's last price of $98.35.
SBUX Analyst Ratings
According to 33 Wall Street analysts, Starbucks's rating consensus is 'Buy'. The analyst rating breakdown for SBUX stock is 0 'Strong Buy' (0.00%), 20 'Buy' (60.61%), 10 'Hold' (30.30%), 3 'Sell' (9.09%), and 0 'Strong Sell' (0.00%).
Starbucks Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Nov 15, 2024 | Logan Reich | RBC Capital | $115.00 | $99.23 | 15.89% | 16.93% |
| Oct 31, 2024 | Arun Sundaram | CFRA | $103.00 | $97.70 | 5.42% | 4.73% |
| Oct 23, 2024 | Arun Sundaram | CFRA | $104.00 | $97.65 | 6.50% | 5.74% |
| Oct 23, 2024 | Chris O'Cull | Stifel Nicolaus | $105.00 | $96.82 | 8.45% | 6.76% |
| Oct 23, 2024 | Dennis Geiger | UBS | $95.00 | $96.82 | -1.88% | -3.41% |
| Oct 23, 2024 | Gregory Francfort | Guggenheim | $93.00 | $96.82 | -3.95% | -5.44% |
| Oct 23, 2024 | Christine Cho | Goldman Sachs | $105.00 | $96.82 | 8.45% | 6.76% |
| Oct 23, 2024 | Jon Tower | Citigroup | $96.00 | $96.82 | -0.85% | -2.39% |
| Oct 23, 2024 | Lauren Silberman | Deutsche Bank | $120.00 | $96.82 | 23.94% | 22.01% |
| Oct 22, 2024 | Sara Senatore | Bank of America Securities | $117.00 | $96.23 | 21.58% | 18.96% |
The latest Starbucks stock forecast, released on Nov 15, 2024 by Logan Reich from RBC Capital, set a price target of $115.00, which represents a 15.89% increase from the stock price at the time of the forecast ($99.23), and a 16.93% increase from SBUX last price ($98.35).
Starbucks Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 10 | 15 | 36 |
| Avg Price Target | $105.30 | $114.87 | $104.83 |
| Last Closing Price | $98.35 | $98.35 | $98.35 |
| Upside/Downside | 7.07% | 16.80% | 6.59% |
In the current month, the average price target of Starbucks stock is $105.30, according to 10 Wall Street analysts offering twelve months forecast. The average price target represents a 7.07% increase as opposed to Starbucks's last price of $98.35. This month's average price target is down -8.33% compared to last quarter, and up 0.45% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Oct 31, 2024 | CFRA | Buy | Reduce | Downgrade |
| Oct 31, 2024 | Citigroup | Neutral | Neutral | Hold |
| Oct 31, 2024 | Barclays | Overweight | Overweight | Hold |
| Oct 23, 2024 | Bank of America Securities | Buy | Buy | Hold |
| Oct 23, 2024 | CFRA | Buy | Buy | Hold |
| Oct 23, 2024 | Jefferies | Underperform | Underperform | Hold |
| Oct 23, 2024 | Cowen & Co. | Buy | Buy | Hold |
| Oct 23, 2024 | UBS | Neutral | Neutral | Hold |
| Oct 23, 2024 | Guggenheim | Neutral | Neutral | Hold |
| Oct 23, 2024 | Goldman Sachs | Buy | Buy | Hold |
Starbucks's last stock rating was published by CFRA on Oct 31, 2024. The company Downgrade its SBUX rating from "Buy" to "Reduce".
Starbucks Financial Forecast
Starbucks Revenue Forecast
| Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $9.43B | $9.37B | $9.17B | $8.72B | $8.05B | $8.41B | $8.15B | $7.64B | - | $8.15B | $7.50B | $6.67B | $6.75B | $6.20B | $4.22B |
| Avg Forecast | $11.07B | $11.11B | $10.23B | $10.85B | $10.25B | $10.24B | $9.42B | $9.97B | $9.58B | $9.56B | $8.82B | $9.35B | $9.20B | $9.25B | $9.12B | $9.60B | $9.29B | $9.29B | $8.41B | $8.79B | $8.32B | $8.15B | $7.62B | $7.98B | $8.21B | $7.29B | $6.78B | $6.91B | $6.06B | $4.10B |
| High Forecast | $11.39B | $11.44B | $10.53B | $11.16B | $10.55B | $10.54B | $9.70B | $10.26B | $9.86B | $9.84B | $9.11B | $9.64B | $9.31B | $9.25B | $9.12B | $9.88B | $9.38B | $9.56B | $8.65B | $9.05B | $8.32B | $8.15B | $7.62B | $7.98B | $8.21B | $7.29B | $6.78B | $6.91B | $6.06B | $4.10B |
| Low Forecast | $10.76B | $10.80B | $9.95B | $10.54B | $9.96B | $9.95B | $9.16B | $9.69B | $9.31B | $9.29B | $8.61B | $9.14B | $9.09B | $9.25B | $9.12B | $9.33B | $9.18B | $9.03B | $8.17B | $8.55B | $8.32B | $8.15B | $7.62B | $7.98B | $8.21B | $7.29B | $6.78B | $6.91B | $6.06B | $4.10B |
| # Analysts | 10 | 16 | 8 | 8 | 8 | 12 | 8 | 12 | 7 | 7 | 17 | 17 | 15 | 8 | 10 | 8 | 17 | 8 | 8 | 7 | 7 | 12 | 7 | 14 | 8 | 9 | 7 | 5 | 5 | 9 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.98% | 1.01% | 0.99% | 1.04% | 0.92% | 1.01% | 1.00% | 1.00% | - | 0.99% | 1.03% | 0.98% | 0.98% | 1.02% | 1.03% |
Starbucks's average Quarter revenue forecast for Mar 24 based on 10 analysts is $9.12B, with a low forecast of $9.12B, and a high forecast of $9.12B. SBUX's average Quarter revenue forecast represents a -3.20% decrease compared to the company's last Quarter revenue of $9.43B (Dec 23).
Starbucks EBITDA Forecast
| Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 10 | 16 | 8 | 8 | 8 | 12 | 8 | 12 | 7 | 7 | 17 | 17 | 15 | 8 | 10 | 8 | 17 | 8 | 8 | 7 | 7 | 12 | 7 | 14 | 8 | 9 | 7 | 5 | 5 | 9 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $1.90B | $2.11B | $1.67B | $1.63B | $1.56B | $1.62B | $1.72B | $1.39B | - | $2.75B | $1.90B | $1.39B | $1.32B | $946.40M | $-314.40M |
| Avg Forecast | $2.41B | $2.42B | $2.23B | $2.37B | $2.24B | $2.23B | $2.06B | $2.17B | $2.09B | $2.09B | $1.92B | $2.04B | $2.01B | $2.02B | $1.68B | $2.09B | $2.03B | $2.03B | $1.52B | $1.89B | $1.65B | $1.61B | $1.39B | $1.58B | $1.62B | $1.44B | $1.15B | $1.37B | $1.20B | $810.12M |
| High Forecast | $2.48B | $2.50B | $2.30B | $2.44B | $2.30B | $2.30B | $2.12B | $2.24B | $2.15B | $2.15B | $1.99B | $2.10B | $2.03B | $2.02B | $2.01B | $2.15B | $2.05B | $2.09B | $1.83B | $2.27B | $1.65B | $1.61B | $1.66B | $1.58B | $1.62B | $1.44B | $1.38B | $1.37B | $1.20B | $810.12M |
| Low Forecast | $2.35B | $2.36B | $2.17B | $2.30B | $2.17B | $2.17B | $2.00B | $2.11B | $2.03B | $2.03B | $1.88B | $1.99B | $1.98B | $2.02B | $1.34B | $2.03B | $2.00B | $1.97B | $1.22B | $1.51B | $1.65B | $1.61B | $1.11B | $1.58B | $1.62B | $1.44B | $922.77M | $1.37B | $1.20B | $810.12M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.91% | 1.04% | 0.82% | 1.07% | 0.83% | 0.98% | 1.07% | 1.00% | - | 1.69% | 1.32% | 1.20% | 0.96% | 0.79% | -0.39% |
10 analysts predict SBUX's average Quarter EBITDA for Mar 24 to be $1.68B, with a high of $2.01B and a low of $1.34B. This is -11.90% lower than Starbucks's previous annual EBITDA (Dec 23) of $1.90B.
Starbucks Net Income Forecast
| Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 10 | 16 | 8 | 8 | 8 | 12 | 8 | 12 | 7 | 7 | 17 | 17 | 15 | 8 | 10 | 8 | 17 | 8 | 8 | 7 | 7 | 12 | 7 | 14 | 8 | 9 | 7 | 5 | 5 | 9 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $1.02B | $1.22B | $1.14B | $908.30M | $816.10M | $878.30M | $912.90M | $674.50M | - | $1.76B | $1.15B | $659.40M | $622.20M | $392.60M | $-678.40M |
| Avg Forecast | $1.31B | $1.39B | $992.85M | $1.16B | $1.21B | $1.24B | $868.07M | $996.37M | $1.04B | $1.07B | $676.35M | $779.55M | $987.44M | $1.06B | $816.14M | $1.06B | $1.11B | $1.08B | $741.95M | $987.24M | $820.38M | $870.99M | $674.50M | $905.46M | $1.13B | $886.61M | $547.43M | $628.19M | $354.35M | $-644.28M |
| High Forecast | $1.36B | $1.44B | $1.03B | $1.20B | $1.26B | $1.29B | $901.16M | $1.03B | $1.08B | $1.11B | $831.58M | $985.90M | $1.03B | $1.06B | $979.37M | $1.10B | $1.12B | $1.12B | $890.34M | $1.18B | $820.38M | $870.99M | $809.40M | $905.46M | $1.13B | $886.61M | $656.91M | $628.19M | $354.35M | $-644.28M |
| Low Forecast | $1.26B | $1.34B | $956.65M | $1.12B | $1.17B | $1.19B | $836.42M | $960.04M | $998.66M | $1.03B | $587.65M | $676.38M | $951.44M | $1.06B | $652.92M | $1.02B | $1.03B | $1.04B | $593.56M | $789.79M | $820.38M | $870.99M | $539.60M | $905.46M | $1.13B | $886.61M | $437.94M | $628.19M | $354.35M | $-644.28M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.97% | 1.10% | 1.05% | 1.22% | 0.83% | 1.07% | 1.05% | 1.00% | - | 1.56% | 1.30% | 1.20% | 0.99% | 1.11% | 1.05% |
Starbucks's average Quarter net income forecast for Mar 24 is $816.14M, with a range of $652.92M to $979.37M. SBUX's average Quarter net income forecast represents a -20.33% decrease compared to the company's last Quarter net income of $1.02B (Dec 23).
Starbucks SG&A Forecast
| Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 10 | 16 | 8 | 8 | 8 | 12 | 8 | 12 | 7 | 7 | 17 | 17 | 15 | 8 | 10 | 8 | 17 | 8 | 8 | 7 | 7 | 12 | 7 | 14 | 8 | 9 | 7 | 5 | 5 | 9 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $648.00M | $635.80M | $604.30M | $620.40M | $525.80M | $538.00M | $486.70M | $481.50M | - | $501.20M | $494.90M | $464.40M | $472.10M | $439.00M | $399.90M |
| Avg Forecast | $749.29M | $752.54M | $692.92M | $734.40M | $694.17M | $692.99M | $638.01M | $675.17M | $648.54M | $647.48M | $597.19M | $632.93M | $622.80M | $626.22M | $582.62M | $649.80M | $629.00M | $628.97M | $529.65M | $636.22M | $562.00M | $549.95M | $481.50M | $539.09M | $554.63M | $492.04M | $385.54M | $466.39M | $409.30M | $276.52M |
| High Forecast | $771.26M | $774.61M | $713.25M | $755.94M | $714.53M | $713.31M | $656.72M | $694.97M | $667.56M | $666.47M | $616.67M | $652.52M | $630.35M | $626.22M | $699.14M | $668.86M | $635.14M | $647.41M | $635.58M | $763.46M | $562.00M | $549.95M | $577.80M | $539.09M | $554.63M | $492.04M | $462.65M | $466.39M | $409.30M | $276.52M |
| Low Forecast | $728.27M | $731.43M | $673.49M | $713.80M | $674.70M | $673.55M | $620.12M | $656.24M | $630.36M | $629.32M | $583.08M | $618.75M | $615.25M | $626.22M | $466.09M | $631.58M | $621.49M | $611.33M | $423.72M | $508.97M | $562.00M | $549.95M | $385.20M | $539.09M | $554.63M | $492.04M | $308.43M | $466.39M | $409.30M | $276.52M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.00% | 1.01% | 0.96% | 1.17% | 0.83% | 0.96% | 0.88% | 1.00% | - | 0.90% | 1.01% | 1.20% | 1.01% | 1.07% | 1.45% |
Starbucks's average Quarter SG&A projection for Mar 24 is $582.62M, based on 10 Wall Street analysts, with a range of $466.09M to $699.14M. The forecast indicates a -10.09% fall compared to SBUX last annual SG&A of $648.00M (Dec 23).
Starbucks EPS Forecast
| Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 10 | 16 | 8 | 8 | 8 | 12 | 8 | 12 | 7 | 7 | 17 | 17 | 15 | 8 | 10 | 8 | 17 | 8 | 8 | 7 | 7 | 12 | 7 | 14 | 8 | 9 | 7 | 5 | 5 | 9 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $0.90 | $1.06 | $1.00 | $0.79 | $0.71 | $0.77 | $0.80 | $0.59 | - | $1.50 | $0.98 | $0.56 | $0.53 | $0.33 | $-0.58 |
| Avg Forecast | $1.15 | $1.22 | $0.87 | $1.02 | $1.07 | $1.09 | $0.76 | $0.88 | $0.91 | $0.94 | $0.59 | $0.69 | $0.87 | $0.93 | $0.80 | $0.93 | $0.97 | $0.95 | $0.65 | $0.77 | $0.72 | $0.77 | $0.60 | $0.80 | $0.99 | $0.78 | $0.53 | $0.55 | $0.31 | $-0.57 |
| High Forecast | $1.19 | $1.27 | $0.91 | $1.06 | $1.11 | $1.13 | $0.79 | $0.91 | $0.95 | $0.98 | $0.73 | $0.87 | $0.90 | $0.93 | $0.80 | $0.97 | $0.98 | $0.99 | $0.67 | $0.80 | $0.72 | $0.77 | $0.60 | $0.80 | $0.99 | $0.78 | $0.53 | $0.55 | $0.31 | $-0.57 |
| Low Forecast | $1.11 | $1.18 | $0.84 | $0.98 | $1.03 | $1.05 | $0.74 | $0.84 | $0.88 | $0.91 | $0.52 | $0.59 | $0.84 | $0.93 | $0.80 | $0.90 | $0.90 | $0.92 | $0.63 | $0.75 | $0.72 | $0.77 | $0.60 | $0.80 | $0.99 | $0.78 | $0.53 | $0.55 | $0.31 | $-0.57 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.97% | 1.09% | 1.05% | 1.22% | 0.92% | 1.07% | 1.04% | 0.99% | - | 1.51% | 1.26% | 1.05% | 0.96% | 1.07% | 1.02% |
According to 10 Wall Street analysts, Starbucks's projected average Quarter EPS for Mar 24 is $0.80, with a low estimate of $0.80 and a high estimate of $0.80. This represents a -11.52% decrease compared to SBUX previous annual EPS of $0.90 (Dec 23).
Starbucks Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| PZZA | Papa John's | $47.15 | $75.00 | 59.07% | Buy |
| YUMC | Yum China | $47.42 | $64.49 | 36.00% | Buy |
| WEN | Wendy's Company | $18.02 | $22.88 | 26.97% | Buy |
| SBUX | Starbucks | $98.35 | $110.76 | 12.62% | Buy |
| QSR | Restaurant Brands | $69.45 | $78.21 | 12.61% | Buy |
| DRI | Darden Restaurants | $160.85 | $178.34 | 10.87% | Buy |
| DPZ | Domino's Pizza | $439.80 | $484.20 | 10.10% | Buy |
| YUM | Yum! Brands | $132.14 | $144.68 | 9.49% | Buy |
| MCD | McDonald's | $290.73 | $310.82 | 6.91% | Buy |
| WING | Wingstop | $335.58 | $348.24 | 3.77% | Buy |
| CMG | Chipotle Mexican Grill | $58.73 | $56.59 | -3.64% | Buy |
| SHAK | Shake Shack | $119.09 | $109.19 | -8.31% | Hold |