Time for Investors to Take the Plunge on Starbucks Corporation (NASDAQ:SBUX)

Equity Research firms currently have a positive stance on shares of Starbucks Corporation (NASDAQ:SBUX). The majority of analysts covering the equity have either a Buy or Strong Buy recommendation on the stock, yielding a consensus score of 1.70. This is based on the research brokerage reports taken into consideration by Thomson Reuters. Those same analysts are projecting that the stock will reach $66.08 on a short term basis.

At the time of writing, the stock was trading at $53.58. This represents a change from the opening price of -0.88%. In terms of performance, year to date, the stock is -9.39%. The monthly stock performance comes in at -4.39%. For the quarter, shares are performing at -4.83%. Weekly performance analysis shows the equity at -0.37%.

In taking a look at technical levels, shares are trading -3.50% away from the 50 day simple moving average and -5.75% away from the 200 day simple moving average. Based on a recent bid, the stock is trading -15.15% away from it’s 52- week high and 2.51% away from its 52 week low. After the recent moves, investors may also look to see if the stock has entered oversold or overbought territory and could be ripe for a bounce. As of writing, Starbucks Corporation’s RSI stands at 40.68. In looking at volatility levels, the shares saw weekly volatility of 1.25% and 1.27% over the past month.

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