Vetr Crowd Loves Starbucks' Stock

  • Shares of Starbucks Corporation SBUX are higher by nearly 50 percent over the past year.
  • Despite the relative outperformance compared to the broader indices over the past year, the Vetr crowd upgraded their crowd-sourced rating to 4.5 stars out of a possible five.
  • The Vetr's crowd-sourced price target of $66.91 implies a potential upside of 10 percent.

Starbucks remains a favorite go-to choice for both coffee lovers and investors.

Despite a near 50 percent gain over the past year, the Vetr crowd upgraded their rating on the stock to 4.5 stars out of a possible five. The crowd's price target of $66.91 implies an upside of 10 percent.

Approximately 61 percent of the Vetr crowd recommends a Buy rating on Starbucks' stock, while the remaining 39 percent recommend a Hold.

Several members of the crowd offered a justification to support a bullish stance. Michael Odere, a member of the crowd, noted that "Starbucks is a leader for morning coffee and this will not change anytime soon." J. Lin also commented that Starbucks' enjoys a "very high brand loyalty from consumers."

Vetr Crowd Also Bullish On This Coffee Chain

The Vetr crowd's bullish stance on Starbucks also extends to one of its peers, Dunkin Brands Group Inc DNKN.

Despite shares of Dunkin Brands losing over 10 percent over the past year, the Vetr crowd has a price target of $45.62, implying a potential 10 percent upside.

Similar to Starbucks, the crowd is mostly unanimously bullish on Dunkin Brands' stock as 87.5 percent of the crowd recommend a Buy rating while the remaining 12.5 percent recommend a Hold rating.

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Posted In: RestaurantsCrowdsourcingAnalyst RatingsGeneralcoffeeCoffee ChainsStarbucksVetrVetr Crowd
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