Starbucks price target raised to $102 from $97 at DA Davidson

DA Davidson raised the firm’s price target on Starbucks (SBUX) to $102 from $97 but keeps a Neutral rating on the shares. The company’s Q2 results easily beat expectations as transactions accelerated sequentially despite a more difficult comparison and with continued same-store sale momentum seen in April, the analyst tells investors in a research note. The firm adds, however, that the stock’s elevated 2026 earnings multiple of 40-times appears to factor in the significantly steeper improvement.