On Nov 01, major Wall Street analysts update their ratings for $Starbucks (SBUX.US)$, with price targets ranging from $103 to $120.
Morgan Stanley analyst Brian Harbour maintains with a buy rating, and maintains the target price at $115.
J.P. Morgan analyst John Ivankoe maintains with a buy rating, and maintains the target price at $105.
Barclays analyst Jeff Bernstein maintains with a buy rating, and adjusts the target price from $110 to $108.
Evercore analyst David Palmer maintains with a buy rating, and maintains the target price at $120.
TD Cowen analyst Andrew Charles maintains with a buy rating, and maintains the target price at $110.
Furthermore, according to the comprehensive report, the opinions of $Starbucks (SBUX.US)$'s main analysts recently are as follows:
After the earnings report, there's an emphasis on a multitude of initiatives aimed at reinforcing the Starbucks brand, with the acknowledgment that there isn't an immediate solution. For investors focused on large-cap growth, the strategy for future growth is established. The sentiment suggests that the stock is expected to rise in anticipation of the company's recovery efforts.
Starbucks' recent earnings report suggests that the company's strategy is beginning to materialize and generally aligns with expectations held prior to the quarterly announcement. Nonetheless, without a significant positive shift in cost factors in upcoming quarters, it's anticipated that there will be a substantial adjustment to earnings by fiscal 2025, casting doubt on the attractiveness of the stock's current valuation.
The firm holds the view that Starbucks' present valuation accurately incorporates the growing challenges in foreseeing near-term revenue and earnings, balanced by a degree of trust in management's capacity to achieve sustained yearly growth in operating margins and earnings per share consistent with past performance.
Following a preliminary announcement of fiscal Q4 results, attention during the company's earnings call was primarily on its future prospects. It is anticipated that the coming quarters may present challenges, but there is optimism that the latter half of 2025 will demonstrate significant signs of the company's strategy's success. The comprehensive nature of the strategy presented by the new CEO and its potential to substantially enhance the customer experience and business trajectory is seen positively.
Here are the latest investment ratings and price targets for $Starbucks (SBUX.US)$ from 9 analysts:
Note:
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