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A statement released earlier today by Vetr Inc. about Starbucks Corporation (NASDAQ:SBUX) bumps the target price to $61.76

Boasting a price of $55.83, Starbucks Corporation (NASDAQ:SBUX) traded 0.68% lower on the day. With the last stock price close down 5.78% from the 200-day moving average, compared to the S&P 500 Index which has fallen -0.01% over the date range. Starbucks Corporation has logged a 50-day average of $56.13 and two hundred day average of $57.04. Trading volume was was up over the average, with 10,207,750 shares of SBUX changing hands over the typical 8,991,980 shares.

Vetr Inc. upped the estimated target of Starbucks Corporation (NASDAQ:SBUX) to $62, stating a possible upside of 0.11%,

Previously on Friday July 22 2016, Goldman Sachs reported about Starbucks Corporation(NASDAQ:SBUX) dropped the target price from $73.00 to $69.00. At the time, this suggested an upside of 0.20%.

Recent Performance Graph:

Starbucks Corporation (NASDAQ:SBUX)

Also covering Starbucks Corporation’s price target, a total of 23 brokerages have released a report on the stock. The 12-month target is $68.13 with 13 firms rating the company a strong buy, 11 firms rating the company a buy, five firms rating the stock a hold, 0 rating the stock to underperform, and finally 0 analysts rating the company as sell.

Starbucks Corporation has a P/E of 30 with a 52 week low of $52.63 and a one-year high of $64.00 and has a market capitalization of $0.0.

About Starbucks Corporation (NASDAQ:SBUX)

Starbucks Corporation is the roaster, marketer and retailer of specialty coffee. The Company purchases and roasts coffees that it sells, along with coffee, tea and other beverages, and a range of fresh food items, through Company-operated stores. It also sells a range of coffee and tea products and licenses its trademarks through other channels, such as licensed stores, grocery and national foodservice accounts. It operates through four segment: Americas, which includes the United States, Canada, and Latin America; Europe, Middle East, and Africa (EMEA); China/Asia Pacific (CAP), and Channel Development. In addition to its Starbucks Coffee brand, it also sells goods and services under the brands, including Teavana, Tazo, Seattle’s Best Coffee, Evolution Fresh, La Boulange and Ethos. Its Americas, EMEA, and CAP segments include both Company-operated and licensed stores. The Americas and EMEA segments include certain foodservice accounts, and primarily in Canada and the United Kingdom.

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