Starbucks price target raised to $100 from $94 at UBS

UBS raised the firm’s price target on Starbucks (SBUX) to $100 from $94 and keeps a Neutral rating on the shares. At Starbucks’ Investor Day, management outlined progress on the “Back to Starbucks” turnaround and reaffirmed FY28 targets of 5%+ revenue growth, 13.5%-15% operating margins, and $3.35-$4.00 in EPS, with upside dependent on same-store sales and cost savings execution, the analyst tells investors in a research note. Near-term trends look supportive, but clearer visibility into sustained sales recovery and margin expansion is needed to justify greater optimism at current valuation levels, UBS says.