Guggenheim raised the firm’s price target on Starbucks (SBUX) to $95 from $90 and keeps a Neutral rating on the shares. The firm is raising its fiscal Q2 U.S. same-store sales growth estimate to 4.8% but lowering its FY26, FY27, and FY28 EPS estimates, each by 5c, the analyst tells investors.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SBUX:
- Corporate Office Pivot Gives Starbucks Stock (NASDAQ:SBUX) a Boost
- Starbucks: Operational Initiatives and Cost Savings Underpin Path to EPS Growth and $100 Price Target
- Starbucks plans to open new corporate office in Nashville, WSJ reports
- Starbucks Stock (NASDAQ:SBUX) Slips as Closed Stores Spawn Competitors
- Starbucks Stock (NASDAQ:SBUX) Slips as Concerns About Rewards Program Grow
