Starbucks (SBUX) shares tumbled 5.30% in pre-market trading on Friday, following news that Bernstein has reduced its target price for the coffee giant. The influential research firm lowered its price target on Starbucks to $105 from $115, potentially sparking investor concerns about the company's near-term outlook.
Despite the price target cut, Bernstein maintained its Outperform rating on Starbucks stock. This suggests that while the firm sees some headwinds, it still believes in the company's long-term prospects. The adjustment comes as analysts continue to assess Starbucks' growth potential and market position in an increasingly competitive global coffee market.
It's worth noting that despite this recent target price reduction, Starbucks still maintains an average rating of overweight among analysts polled by FactSet, with a mean price target of $107.57. This indicates that overall, analysts remain generally positive about the company's future performance. However, today's pre-market plunge suggests that investors are reacting strongly to the near-term adjustment in expectations.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。