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Analysts Offer Insights on Consumer Cyclical Companies: Starbucks (SBUX) and Rivian Automotive (RIVN)

Tipranks - Sat Aug 1, 5:42AM CDT

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 10.4% and a 61.7% success rate. Saleh covers the NA sector, focusing on stocks such as Papa John’s International, Darden Restaurants, and Texas Roadhouse. ;'>

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 -9.5% and a 43.3% success rate. Spak covers the NA sector, focusing on stocks such as Mobileye Global, Inc. Class A, Penske Automotive Group, and Magna International. ;'>

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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