Starbucks Corp (SBUX) Stock AnalysisSBUXStarbucks Corp

Starbucks Corporations is a roaster, marketer, and retailer of specialty coffee globally. Its North America segment includes the United States and Canada. Its International segment includes China, Japan, Asia Pacific, Europe, Middle East and Africa, Latin America, and the Caribbean. Its North America and International segments include both Company-operated and licensed stores. The Channel Development segment includes roasted whole bean and ground coffees, Starbucks-branded single-serve products, a variety of ready-to-drink beverages, such as Frappuccino and Starbucks Doubleshot, foodservice products, and other branded products sold outside the Company-operated and licensed stores. A large portion of its Channel Development business operates under a licensed model of the Global Coffee Alliance with Nestle, while its global ready-to-drink businesses operate under collaborative relationships with PepsiCo, Inc., Tingyi-Ashi Beverages Holding Co., Ltd., Arla Foods amba, Nestle, and others. It operates in the Consumer Cyclicals sector (RETAIL-EATING & DRINKING PLACES industry).

Starbucks Corp is a good buy right now due to its current price of $107.85 and a forward P/E ratio of 36.50, which suggests growth potential. Additionally, Baird's price target of $124 indicates a potential upside of 15%, reflecting confidence in the company's management and sales performance. However, a risk to consider is the ongoing labor disputes, highlighted by the union's call for a boycott, which could affect consumer sentiment and sales.

33 analysts cover SBUX: 24 rate it Buy, 9 Hold and 0 Sell. The average price target is 96.12.