Starbucks to $130 or a Whopping $200? Here’s What the Chart Says

Starbucks to $130 or a Whopping $200? Here’s What the Chart Says
Customers line up in a drive thru at a Starbucks store in Novato, Calif., on Oct. 29, 2021. Justin Sullivan/Getty Images
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Starbucks Corporation is trading up more than 3 percent Tuesday after MKM Partners raised its price target on the stock from $114 to $130.

The coffee chain is in the midst of a push to unionize and employees at three Starbucks stores in upstate New York have mailed in voting ballots, which are expected to be tallied on Thursday. On Monday, Sen. Bernie Sanders of Vermont met with four Starbucks workers, who are members of the Starbucks Workers United committee, via video conference to show support for the effort.