Starbucks (SBUX) stock surges as investors react positively to CEO switch to Brian Niccol. Shares of Starbucks (SBUX 0.84%) soared nearly 25% after the coffee chain announced that it was replacing its CEO with Brian Niccol, the current CEO of Chipotle Mexican Grill (CMG-1.49%). Niccol According to S&P Global Market Intelligence, the average analyst target price for SBUX stock is $89.66, representing implied upside 16% to last night's close - but a 7% discount to current levels. Shares of Starbucks (NASDAQ:SBUX) were up 3.50% in postmarket trading. Analysts think the conference call will hold more weight than usual with the spotlight on Brian Niccol. The stock lagged the S&P 500's daily gain of 0.97%. Elsewhere, the Dow saw an upswing of 0.3%, while the tech-heavy Nasdaq appreciated by 1.45%. Prior to today's trading, shares of the coffee SBUX stock is up 20.1% as of Tuesday morning. Investors will want to stick around for more of the most recent stock market stories! We have all of the hottest stock market news ready to go on Tuesday! Is Starbucks Corporation (SBUX) the Most Reliable Dividend Stock to Buy According to Hedge Funds? We recently compiled a list of the 12 Most Reliable Dividend Stocks To Buy According to Hedge Funds. In this article, we are going to take a look at where Starbucks Corporation (NASDAQ:SBUX) stands against the other dividend stocks. Find the latest Starbucks Corporation (SBUX) stock quote, history, news and other vital information to help you with your stock trading and investing. According to S&P Global Market Intelligence, the average analyst target price for SBUX stock is $99.97, representing implied upside of nearly 4% to current levels. Additionally, the consensus Starbucks' Gamble: Low Hedge Ratio Amid Surging Green Coffee Prices (Strong Sell) Toby Shek Mon, Dec. 09, 2024 6 Comments Starbucks' Predicament: Chinese Rivals Poised To Shake Up U.S. Market