Analysts Offer Insights on Services Companies: Starbucks Corp (NASDAQ: SBUX) and Boot Barn (NYSE: BOOT)

By Carrie Williams

Analysts fell to the sidelines weighing in on Starbucks Corp (SBUXResearch Report) and Boot Barn (BOOTResearch Report) with neutral ratings, indicating that the experts are neither bullish nor bearish on the stocks.

Starbucks Corp (SBUX)

In a report released today, Nick Setyan from Wedbush maintained a Hold rating on Starbucks Corp, with a price target of $87.00. The company’s shares closed last Monday at $84.19.

According to TipRanks.com, Setyan is a 3-star analyst with an average return of 2.3% and a 49.6% success rate. Setyan covers the Services sector, focusing on stocks such as Dine Brands Global Inc, Del Taco Restaurants, and Jack In The Box Inc.

Currently, the analyst consensus on Starbucks Corp is a Hold with an average price target of $93.00.

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Boot Barn (BOOT)

In a report released today, Sam Poser from Susquehanna maintained a Hold rating on Boot Barn, with a price target of $37.00. The company’s shares closed last Monday at $37.33, close to its 52-week high of $39.59.

According to TipRanks.com, Poser is a 4-star analyst with an average return of 5.3% and a 55.2% success rate. Poser covers the Consumer Goods sector, focusing on stocks such as Canada Goose Holdings Inc, Lululemon Athletica Inc, and Wolverine World Wide.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Boot Barn with a $42.50 average price target, a 14.9% upside from current levels. In a report issued on October 28, Pivotal Research also reiterated a Hold rating on the stock with a $38.00 price target.

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