Fintel reports that on September 26, 2024, Bernstein upgraded their outlook for Starbucks (LSE:0QZH) from Market Perform to Outperform.
Analyst Price Forecast Suggests 3.78% Upside
As of September 25, 2024, the average one-year price target for Starbucks is 98.53 GBX/share. The forecasts range from a low of 77.29 GBX to a high of 126.87 GBX. The average price target represents an increase of 3.78% from its latest reported closing price of 94.94 GBX / share.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Starbucks is 40,941MM, an increase of 12.24%. The projected annual non-GAAP EPS is 4.16.
What is the Fund Sentiment?
There are 3,325 funds or institutions reporting positions in Starbucks. This is an decrease of 133 owner(s) or 3.85% in the last quarter. Average portfolio weight of all funds dedicated to 0QZH is 0.34%, an increase of 10.53%. Total shares owned by institutions increased in the last three months by 8.86% to 949,577K shares.
What are Other Shareholders Doing?
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 35,737K shares representing 3.15% ownership of the company. In its prior filing, the firm reported owning 35,583K shares , representing an increase of 0.43%. The firm decreased its portfolio allocation in 0QZH by 16.80% over the last quarter.
VFINX - Vanguard 500 Index Fund Investor Shares holds 29,071K shares representing 2.57% ownership of the company. In its prior filing, the firm reported owning 28,529K shares , representing an increase of 1.87%. The firm decreased its portfolio allocation in 0QZH by 17.83% over the last quarter.
Geode Capital Management holds 23,945K shares representing 2.11% ownership of the company. In its prior filing, the firm reported owning 23,368K shares , representing an increase of 2.41%. The firm decreased its portfolio allocation in 0QZH by 56.75% over the last quarter.
Barclays holds 23,657K shares representing 2.09% ownership of the company. In its prior filing, the firm reported owning 8,910K shares , representing an increase of 62.34%. The firm increased its portfolio allocation in 0QZH by 98.88% over the last quarter.
Invesco Qqq Trust, Series 1 holds 21,816K shares representing 1.93% ownership of the company. In its prior filing, the firm reported owning 21,223K shares , representing an increase of 2.72%. The firm decreased its portfolio allocation in 0QZH by 21.18% over the last quarter.
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