DA Davidson Reiterates Neutral Rating on Starbucks (SBUX)

DA Davidson analyst Matt Curtis reiterated a Neutral rating and $110.00 price target on Starbucks (NASDAQ: SBUX).

The analyst commented, "FY26 ended strongly with another SSS beat in F4Q driven by the U.S., while initial FY27 guidance outlined SSS in-line with expectations and EPS modestly above. While FY27 margin guidance suggests SBUX is ahead of schedule with respect to its FY28 framework, we view underlying progress as being less clear given discrete benefits associated with a 53rd week, China deconsolidation, and recent store closures, with the high end of its FY28 EPS range (in our view needed to justify an elevated current valuation) still appearing aggressive. Reiterate NEUTRAL ($110 PT on 33x our CY27 EPS est."

For an analyst ratings summary and ratings history on Starbucks click here. For more ratings news on Starbucks click here.

Shares of Starbucks closed at $105.51 yesterday.

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