Morgan Stanley analyst Brian Harbour maintains $Starbucks (SBUX.US)$ with a buy rating, and maintains the target price at $115.
According to TipRanks data, the analyst has a success rate of 51.5% and a total average return of -0.7% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Starbucks (SBUX.US)$'s main analysts recently are as follows:
Following the earnings report, the brand's numerous short and long term initiatives aimed at reinforcing its position were highlighted. Although there is no immediate solution, the vision for growth-orientated large-cap investors is established. It is suggested that investors consider engaging with the shares sooner rather than later, in anticipation of a potential rally preceding the turnaround.
Starbucks' strategy appears to be crystallizing and aligns well with pre-quarter expectations. Nonetheless, without a significant positive surprise in cost savings in future quarters, it suggests a substantial earnings rebase in fiscal 2025, making the stock's current valuation less convincing.
Starbucks' recent quarterly results have led to a belief that the current valuation now adequately represents the challenges in foreseeing short-term revenue and profit figures. This is balanced by a degree of trust in the management's potential to achieve long-term growth in operating margins and earnings per share that align with past growth trends.
Note:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.
