Starbucks (SBUX) PT Raised to $115 at Jefferies

Analysts Raise Numbers and PT on Starbucks (SBUX) After Investors Day

December 10, 2020 7:57 AM EST

Starbucks (NASDAQ: SBUX) hosted a biennial Investor Day in a virtual fashion Wednesday. The event was hosted by CEO Kevin Johnson while the company also provided updates to its business model and reiterated commitment to consistent and predictable sales growth and margin expansion.

We are a purpose-driven company with a mission grounded in the human experience as we seek to have a positive impact on both people and the planet, while profitably growing our business, said Johnson.

Over the past two years, we have further streamlined the company, sharpened our focus on... More

Starbucks (SBUX) PT Raised to $105 at BofA Securities

December 10, 2020 7:40 AM EST

BofA Securities analyst Gregory Francfort raised the price target on Starbucks (NASDAQ: SBUX) to $105.00 (from $90.00) while maintaining a Neutral rating.

... More

Starbucks (SBUX) PT Raised to $101 at BMO Capital Following Investor Day

December 10, 2020 7:27 AM EST

BMO Capital analyst Andrew Strelzik raised the price target on Starbucks (NASDAQ: SBUX) to $101.00 (from $93.00) while maintaining a Market Perform rating following the company's investor day. SBUX's Investor Day was marginally positive, with management outlining strategic growth initiatives that lean into proven drivers while... More

Starbucks (SBUX) PT Raised to $112 at Cowen

December 10, 2020 7:23 AM EST

Cowen analyst Andrew Charles raised the price target on Starbucks (NASDAQ: SBUX) to $112.00 (from $110.00) while maintaining an Outperform rating.

The analyst commented, "We remain confident in SBUX's strategy to drive U.S. sales upside. Starbucks remains our
favorite stock leveraged to... More

Starbucks (SBUX) PT Raised to $115 at RBC Capital

December 10, 2020 7:22 AM EST

RBC Capital analyst Christopher Carril raised the price target on Starbucks (NASDAQ: SBUX) to $115.00 (from $109.00) while maintaining an Outperform rating.

The analyst commented, "At its 2020 Investor Day, SBUX articulated a path to ongoing EPS growth of +10-12% beginning in FY23 -... More

Starbucks (SBUX) PT Raised to $106 at Morgan Stanley After Investor Day

December 10, 2020 6:16 AM EST

Morgan Stanley analyst John Glass raised the price target on Starbucks (NASDAQ: SBUX) to $106.00 (from $98.00) after the company held a virtual investor meeting on Wednesday where the company made 4 key points surrounding the financial outlook:

1) Stronger FY22 EPS growth, up 20%+ off a... More

Stocks expected to have increasing option volume: CIEN ASAN RH SBUX

December 10, 2020 4:15 AM EST

Stocks expected to have increasing option volume: CIEN ASAN RH SBUX

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Starbucks eyes walk-thru stores, technology to power post-pandemic growth

December 9, 2020 4:44 PM EST

By Hilary Russ

NEW YORK (Reuters) - Starbucks Corp Chief Executive Officer Kevin Johnson said customers will flock back to cafes once the coronavirus pandemic is over, even as the company builds more walk-thru locations without seating in major cities.

After efforts to expand U.S. suburban drive-thru locations, the world's largest coffee chain is creating a similar experience for customers on foot. Orders are to be primarily digital, paid for in advance, as the company shifts to new store formats in response to changing habits.

"What we're trying to do is build the... More

Starbucks (SBUX) Reaffirms Fiscal 2021 Guidance and Updates Ongoing Growth Model

December 9, 2020 4:25 PM EST

Starbucks (NASDAQ: SBUX) today hosted its biennial Investor Day virtually. Chief executive officer Kevin Johnson and other Starbucks leaders outlined a vision for the future and discussed the companys progress against its Growth at Scale agenda. With a focus on creating value for all stakeholders, Starbucks believes that responsible growth includes doing the right thing for both people and the planet. The company also provided updates to its ongoing growth model and aims to drive consistent and predictable sales growth and margin expansion while continuing to create significant value for all... More