Analysts Continue Upping Targets on Starbucks (SBUX) Following Unveiling of Verismo

March 27, 2012 1:14 PM EDT
Get Alerts SBUX Hot Sheet
Price: $103.99 --0%

Rating Summary:
    26 Buy, 22 Hold, 5 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 8 | Down: 5 | New: 26
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At least seven research firms have boosted their price targets on shares of Starbucks (Nasdaq: SBUX) since the company announced its new single-serve brewer, Verismo, on March 8th. Continuing the trend Tuesday were Janney's Mark Kalinowski and McAdams Wright Ragen's Dan Geiman, lifting their firms' targets from $62 and $55 to $63 and $57, respectively.

While the Janney analyst maintains a Buy rating on Starbucks shares, Geiman of McAdams maintains a Hold rating.

To see all the recent target/estimate changes on Starbucks, check out our Analyst Ratings page.


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