Wall Street Lifts Starbucks Price Targets as Comps Surge: Is the Turnaround Finally Real?

4 weeks ago 24

David Moadel

Wed, April 29, 2026 astatine 9:21 AM CDT 3 min read

Quick Read

Starbucks (SBUX) reported Q2 FY2026 gross of $9.53B, up 9% YoY, with planetary comparable store income rising 6% and North America comps climbing 7%, prompting 4 large firms to rise terms targets betwixt $105 and $115.
CEO Brian Niccol’s Back to Starbucks turnaround program is driving apical and bottom-line growth, though North America operating margins contracted 170 ground points owed to labor, mix, tariffs, and java costs, portion China comparable income maturation slowed to conscionable 1%.
The expert who called NVIDIA successful 2010 conscionable named his apical 10 stocks and Starbucks wasn't 1 of them. Get them present FREE.

Wall Street is rallying down Starbucks (NASDAQ:SBUX) aft a Q2 FY2026 net study that the CEO calls the inflection constituent of the company's turnaround. Four large firms raised their SBUX banal terms targets pursuing the April 28 release, with planetary comparable store income rising 6% and North America (NA) comps climbing 7%. The takeaway for prudent investors: the operational grounds is yet catching up to the narrative, though borderline unit keeps the bull lawsuit honest.

Starbucks shares commercialized adjacent $104, with the banal up 24% twelvemonth to day (YTD). The rally reflects renewed assurance successful CEO Brian Niccol's Back to Starbucks program aft a stronger-than-expected quarter.

Ticker

Firm

Action

Old Rating

New Rating

Old Target

New Target

SBUX	BTIG	PT raised	Buy	Buy	$105	$115
SBUX	Wells Fargo	PT raised	Overweight	Overweight	$110	$115
SBUX	RBC Capital	PT raised	Sector Perform	Sector Perform	$105	$110
SBUX	UBS	PT raised	Neutral	Neutral	$100	$105

The Analyst's Case

BTIG flags a precise beardown 4th for Starbucks with affirmative mid-single digit postulation crossed dayparts, income cohorts, and rewards members, alongside raised same-store income (SSS) guidance. Wells Fargo highlights that 7% NA comparable income exceeded the bar, momentum continued successful April, and net per stock (EPS) bushed and were raised arsenic initiatives carnivore fruit.

The expert who called NVIDIA successful 2010 conscionable named his apical 10 stocks and Starbucks wasn't 1 of them. Get them present FREE.

The cautious voices are inactive raising targets. RBC notes the Q2 study bushed connected apical and bottommost enactment but warns that EPS guidance implies second-half Street estimates coming down. UBS credits the "Back to Starbucks" turnaround portion flagging NA borderline softness.

Company Snapshot

Starbucks operates 41,129 stores globally nether CEO Brian Niccol. Q2 FY2026 gross of $9.53 cardinal roseate 9% twelvemonth implicit twelvemonth (YoY), portion adjusted EPS came successful astatine $0.50 versus the $0.44 consensus.

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