Oppenheimer Reiterates Starbucks (SBUX) As a Top Pick After Earnings

January 27, 2021 9:04 AM EST
Get Alerts SBUX Hot Sheet
Price: $116.66 +1.30%

Rating Summary:
    27 Buy, 18 Hold, 1 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 23 | Down: 22 | New: 25
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Oppenheimer analyst Brian Bittner reiterated an Outperform rating and $122.00 price target on Starbucks (NASDAQ: SBUX) after the company reported a 1Q20 beat that reinforces the view for EPS upside.

The analyst is more positive on guidance than others, stating "we view 2Q20's tempered earnings outlook as conservative (EPS $0.45-0.50 vs. Street's $0.60)." He went on to state "SBUX is positioned as a top pick on improving visibility into a powerful sales, margin and earnings power thesis."

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 $101.70 yesterday.

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