Starbucks (SBUX) PT Raised to $126 at Guggenheim

July 28, 2021 6:22 AM EDT
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Price: $113.68 -0.38%

Rating Summary:
    27 Buy, 18 Hold, 1 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 9 | Down: 10 | New: 35
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Guggenheim analyst Gregory Francfort raised the price target on Starbucks (NASDAQ: SBUX) to $126.00 (from $125.00) while maintaining a Neutral rating.

The analyst commented, "Starbucks reported a solid 3Q print with $1.01 of EPS beating our $0.80 estimate. While U.S. comps of +84% were solid, the beat came primarily from margins and tax rate. We raise our estimates for F'22 to $3.75 from $3.70, maintain our Neutral rating and raise our price target from $125 to $126."

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