Starbucks price target raised to $105 from $100 at UBS

UBS analyst Dennis Geiger raised the firm’s price target on Starbucks (SBUX) to $105 from $100 and keeps a Neutral rating on the shares. Starbucks reported Q2 results showing continued progress in its “Back to Starbucks” turnaround, with strong U.S. comparable sales driven by improved traffic and operational initiatives, the analyst tells investors in a research. FY26 guidance was raised on stronger demand, but concerns remain around North America margin performance and limited upside flow-through, with the stock already reflecting much of the expected multi-year recovery and valuation appearing less compelling at current levels, the firm says.