Starbucks Corporation (NASDAQ:SBUX) traded today at a new 52-week high of $110.44. So far today approximately 1.3 million shares have been exchanged, as compared to an average 30-day volume of 6.5 million shares.
Starbucks Corporation (NASDAQ:SBUX) has potential upside of 36.0% based on a current price of $108.65 and analysts’ consensus price target of $147.81.
Through a global chain of more than 32,600 company-owned and licensed stores, Starbucks sells coffee, espresso, teas, cold blended beverages, food, and accessories. The company also distributes packaged and single-serve coffee, tea, juice, and pastries through its own stores, grocery store chains, and warehouse clubs under the Starbucks and Teavana brands under the Global Coffee Alliance partnership with Nestle. In addition, Starbucks markets bottled beverages, ice creams, and liqueurs through partnerships with Pepsi, Anheuser-Busch, Tingyi, and Arla. In fiscal 2020, Starbucks’ Americas segment (including the U.S.) represented 70% of total revenue, followed by the international segment (including China) at 22%, then channel development at 8%.
In the past 52 weeks, Starbucks Corporation share prices are bracketed by a low of $50.02 and a high of $110.44 and is now at $108.65, 117% above that low price.
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