SBUX Stock Price and Chart — CAPITALCOM:SBUX

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Gordon Haskett raised the price target on Starbucks (SBUX) to $96 from $92, keeping a hold rating. Analysts have an average rating of overweight and a mean price target of $105.85.

Starbucks' China Chair, Belinda Wong, will retire on January 24 after 25 years, having driven substantial growth in China. Following the announcement, Starbucks shares rose 3% in recent trading.

Bernstein analysts note that Starbucks is less vulnerable to risks from increased use of weight-loss drugs, indicating a strong position for the company in today's market.

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About Starbucks Corporation

Starbucks Corp engages in the production, marketing, and retailing of specialty coffee. It operates through the following segments: North America; International; and Channel Development. The North America and International segments sells coffee and other beverages, complementary food, packaged coffees, single-serve coffee products, and a focused selection of merchandise through company-oriented stores, and licensed stores. The Channel Development segment include sales of packaged coffee, tea, and ready-to-drink beverages to customers outside of its company-operated and licensed stores. The firm's brands include Seattle’s Best Coffee, Evolution Fresh, Ethos, Starbucks Reserve and Princi. The company was founded by Jerry Baldwin and Howard D. Schultz on November 4, 1985 and is headquartered in Seattle, WA.