Wall Street sets Starbucks stock price for the next 12 months

Thanks to recent strong Q1 earnings and major expansion plans in China, Starbucks (NASDAQ: SBUX) stock is flying high right now.Since January 28, when it traded at $100.41, the SBUX price has increased by 13.2%. On Wednesday, February 12, the closing price was set at $113.04—a solid 1.81% increase from the previous close. Also, the stock reached a day high of $113.19 and a low of $110.40.SBUX 5-day stock price chart. Source: FinboldThe widely popular coffeehouse chain’s market cap stands at $128.4 billion—w ...