Shares of Starbucks (NASDAQ: SBUX) gained over 3% in after-hours trading after the company reported earnings for its fourth quarter of Fiscal Year 2022. Adjusted earnings per share came in at $0.81, which beat analysts’ consensus estimate of $0.72 per share.
Sales increased by 3.2% year-over-year, with revenue hitting $8.41 billion. This beat analysts’ expectations of $8.316 billion.
What is the Target Price for SBUX Stock?
SBUX stock has a Moderate Buy consensus rating based on 10 Buys, 10 Holds, and zero Sells assigned in the past three months. The average SBUX stock price target of $100.20 implies 18.27% upside potential.
