Lazard Raises Price Target on Starbucks (SBUX)

Due to Starbucks Corporation’s (SBUX) deep pipeline of sales growth drivers, analysts at Lazard Capital Markets boosted the price target of the coffee retail giant.

The analysts maintain a “Buy” rating on SBUX and now see shares reaching $74. This new valuation suggests a 28% upside to Friday’s closing price of $57.66.

Starbucks shares were down 67 cents, or -1.18%, during morning trading on Monday. The stock is up +7.55% over the past year.

The Bottom Line
Shares of Starbucks (SBUX) have a dividend yield of 1.47% based on Monday’s intraday trading price of $56.99 and the company’s annualized dividend payout of 84 cents per share.

Starbucks Corporation (SBUX) is not recommended at this time, holding a DARS™ Rating of 3.3 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

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