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Evercore ISI Sticks to Its Buy Rating for Starbucks (SBUX)

Tipranks - Tipranks - Tue Feb 3, 6:40AM CST

Evercore ISI analyst David Palmer maintained a Buy rating on Starbucks on January 30 and set a price target of $110.00. The company’s shares closed last Friday at $91.95.

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Palmer covers the Consumer Cyclical sector, focusing on stocks such as Starbucks, Darden Restaurants, and Wendy’s. According to TipRanks, Palmer has an average return of 4.5% and a 58.52% success rate on recommended stocks.

In addition to Evercore ISI, Starbucks also received a Buy from William Blair’s Sharon Zackfia in a report issued today. However, on the same day, Citi maintained a Hold rating on Starbucks (NASDAQ: SBUX).

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Based on Starbucks’ latest earnings release for the quarter ending December 28, the company reported a quarterly revenue of $9.91 billion and a net profit of $293.3 million. In comparison, last year the company earned a revenue of $9.4 billion and had a net profit of $780.8 million

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