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RBC Capital Reaffirms Their Hold Rating on Starbucks (SBUX)

Tipranks - Tipranks - Fri Jul 31, 6:14AM CDT

RBC Capital analyst Logan Reich maintained a Hold rating on Starbucks today and set a price target of $115.00.

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Reich covers the Consumer Cyclical sector, focusing on stocks such as Texas Roadhouse, Wendy’s, and Restaurant Brands International. According to TipRanks, Reich has an average return of -5.2% and a 49.08% success rate on recommended stocks.

In addition to RBC Capital, Starbucks also received a Hold from UBS’s Dennis Geiger in a report issued on July 24. However, today, Morgan Stanley maintained a Buy rating on Starbucks (NASDAQ: SBUX).

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Based on Starbucks’ latest earnings release for the quarter ending March 29, the company reported a quarterly revenue of $9.53 billion and a net profit of $510.9 million. In comparison, last year the company earned a revenue of $8.76 billion and had a net profit of $384.2 million

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