Alert: Major Price Advance (8/13/24)-Starbucks Corp (NASDAQ: SBUX).

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Starbucks Corp (NASDAQ: SBUX) stock enjoyed a major increase of 24.5% on 8/13/24. The shares closed at $95.90. Moreover, exceptionally high trading volume at 1056% of normal accompanied the advance. The stock has been extremely weak relative to the market over the last nine months but has risen 29.8% during the last week.

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Current PriceTarget Research Rating

With future capital returns forecasted to be below the cost of capital, SBUX is expected to be an important Value Eraser.

Starbucks is currently unrated.

Rating Review

The stock is currently unrated.

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