Starbucks (SBUX) Stock Surges to New High as Wall Street Lifts Price Targets
TLDR
- SBUX hit a 52-week high of $109.45, up 30% year-to-date
- Q3 FY2026 EPS came in at $0.85, beating the $0.66 estimate; revenue was $9.32 billion vs. $9.17 billion expected
- Starbucks raised its full-year EPS guidance to $2.55-$2.65
- Price targets raised by DA Davidson ($110), Morgan Stanley ($115), BMO Capital ($130), Evercore ISI ($120), and UBS ($112)
- CEO Brady Brewer sold 2,229 stock at $105.99 each on August 5th under a pre-arranged trading plan
Starbucks (SBUX) hit a 52-week high of $109.45 on August 13, with the stock trading around $109.04. That puts it up 30% year-to-date and roughly 17% over the past 12 months.
The rally follows a strong fiscal Q3 2026 earnings report. Starbucks posted adjusted EPS of $0.85, well ahead of the $0.66 analyst consensus. Revenue came in at $9.32 billion, topping the $9.17 billion estimate.
The one blemish: revenue was down 1.4% compared to the same quarter last year.
U.S. same-store sales grew 8%, a number that caught Wall Streetโs attention. Management also raised full-year EPS guidance to $2.55-$2.65, continuing a pattern of upward revisions.
โฆ Continue reading the full article at the original source below.
This content is automatically aggregated. Full credit goes to the original publisher (coincentral.com).
