Wedbush reiterated an Outperform rating on Starbucks (NASDAQ: SBUX), and raised the price target to $70.00 (from $64.00), following 3Q15. EPS of $0.42 was above $0.41 consensus. Raised FY15 guidance now calls for non-GAAP EPS of $1.57-1.58, up from $1.55-1.57 previously.

Analyst Nick Setyan commented, "Expect continued Americas comp outperformance, accelerating CAP unit growth, a successful EMEA turnaround, and multiple CPG and emerging market opportunities to result in upside to FY15 expectations."

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 $56.56 yesterday.

Analyst Comments Analyst EPS Change Analyst EPS View Analyst PT Change Guidance

Starbucks (SBUX) PT Raised to $64 at RBC CapitalJuly 24, 2015 8:40 AM After-Hours Stock Movers 07/23: (AMZN) (P) (V) (SBUX) Higher; (SNSS) (TRUE) (TRIP) Lower (more...)July 23, 2015 5:59 PM Market Wrap: Initial Claims Slip to 42-Year Low; Ferrari Revs-up Its IPO; Splitsville for Pearson, FT GroupJuly 23, 2015 5:34 PM Starbucks Coffee (SBUX) Tops Q3 EPS by 1c; Updates FY15 adj.-EPS OutlookJuly 23, 2015 4:07 PM Starbucks Coffee (SBUX) Announces Additional 50M Shares BuybackJuly 23, 2015 4:05 PM Starbucks Delivers Record Quarterly Revenue of $4.9 Billion and Record Q3 EPSJuly 23, 2015 4:05 PM Starbucks Coffee (SBUX)\, PepsiCo (PEP) Enter Agreement Covering Latin AmericaJuly 23, 2015 4:04 PM Starbucks and PepsiCo to Accelerate Growth Within Latin America’s $4 Billion Ready-to-Drink Coffee and Energy Beverage CategoriesJuly 23, 2015 4:03 PM Starbucks Announces Additional Share Repurchase AuthorizationJuly 23, 2015 4:01 PM Starbucks Coffee (SBUX), Lyft Enter PartnershipJuly 23, 2015 8:50 AM Starbucks Adds Lyft to Growing Network of Companies in Retail’s Most Robust Digital Loyalty EcosystemJuly 22, 2015 6:04 PM Trading Radar for 7/23: GM (GM), Visa (V), 3M (MMM), Caterpillar (CAT), Comcast (CMCSA), McDonald's (MCD) ReportJuly 22, 2015 3:01 PM