Stephens & Co. Reiterates Equal-Weight on Starbucks, Maintains $110 Price Target
Portfolio Pulse from Benzinga Newsdesk
Stephens & Co. analyst Joshua Long has reiterated an Equal-Weight rating on Starbucks (NASDAQ:SBUX) and maintained a price target of $110.
January 31, 2024 | 12:53 pm
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NEUTRAL IMPACT
Stephens & Co. maintains an Equal-Weight rating on Starbucks with a $110 price target, indicating no significant change in analyst sentiment.
The reiteration of an Equal-Weight rating and maintenance of the price target suggests that Stephens & Co. believes Starbucks is fairly valued at its current level. This is not new information that would likely move the stock price significantly in the short term, hence the neutral score. The relevance is high as the rating is directly about Starbucks, but the importance is moderate because the rating and price target have not changed. The confidence level is high due to the clear and direct nature of the analyst's rating.
CONFIDENCE 90
IMPORTANCE 50
RELEVANCE 100