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 Dividend.com DARS™ Rating of 3.3 out of 5 stars.