Citi raised the firm’s price target on Starbucks (SBUX) to $94 from $83 and keeps a Neutral rating on the shares ahead of the fiscal Q1 earnings report. Citi believes Starbucks can post 20% annual earnings growth from fiscal 2027 to 2029, but struggles with the stock’s valuation.
Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SBUX:
- Coca-Cola Ditches Costa Coffee Sale — What It Signals for KO Investors
- Starbucks Stock (NASDAQ:SBUX) Notches Up, “Back to Starbucks” Plan Seems to be Working
- Starbucks Stock (NASDAQ:SBUX) Gains Despite New Cup Kerfuffle
- Starbucks Stock (NASDAQ:SBUX) Gains With Marketing Pivot
- QSR, MCD, CMG: A Total of 4,000 Restaurants in Canada Forecast to Shutdown in 2026