Analysts Offer Insights on Consumer Cyclical Companies: Starbucks (SBUX) and Rivian Automotive (RIVN)
Analysts have been eager to weigh in on the Consumer Cyclical sector with new ratings on Starbucks (SBUX) and Rivian Automotive (RIVN).
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Starbucks (SBUX)
BTIG analyst Peter Saleh maintained a Buy rating on Starbucks yesterday and set a price target of $115.00. The company’s shares closed last Thursday at $105.85.
According to TipRanks.com, Saleh is a 5-star analyst with an average return of
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Starbucks with a $119.60 average price target, which is an 11.6% upside from current levels. In a report issued on July 15, Morgan Stanley also maintained a Buy rating on the stock with a $111.00 price target.
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Rivian Automotive (RIVN)
UBS analyst Joseph Spak maintained a Hold rating on Rivian Automotive today and set a price target of $17.00. The company’s shares closed last Thursday at $16.83.
According to TipRanks.com, Spak is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of
Currently, the analyst consensus on Rivian Automotive is a Hold with an average price target of $17.72, implying a 6.9% upside from current levels. In a report issued on July 28, Cantor Fitzgerald also maintained a Hold rating on the stock with a $19.00 price target.
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