Time to buy?: Brokerage firm sees Starbucks stock hitting $25
At last look, it was about $19.50 a share. Jesup & Lamont has initiated coverage of Starbucks with a "Buy" rating and a one-year price objective of $25. The firm says in its report: "We estimate that over 80% of global coffee supply is consumed outside of the U.S., where Starbucks penetration rates are extremely low. We believe the international opportunity could be larger (even multiples larger) than that of the U.S. We continue to look at Starbucks as a growth company." || Read "Starbucks has plenty of perks"