D.A. Davidson keeps Neutral for Starbucks stock at USD 110.00

Published on 10/13/2026 at 17:12 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Fiscal third-quarter comparable sales rose 7.90 percent. Starbucks stock is EUR 81.05 on October 13, 2026, down 1.67 percent versus Xetra's close.

Analyst and operating metrics

D.A. Davidson reiterated a Neutral rating and a USD 110.00 target on October 9, 2026.
Global comparable sales rose 7.90 percent in Starbucks fiscal third quarter 2026.
Starbucks stock costs EUR 81.05 at Lang & Schwarz on October 13, 2026 at 5:05 p.m. CEST, 1.67 percent below the Xetra close of October 12, 2026.
Starbucks scheduled its fiscal 2026 results release for October 29, 2026.

Schwarzweiß-Straßenfotografie von Pendlern mit Kaffeebechern vor Café am Morgen — Starbucks Corp. US8552441094 dokumentiert Schwarzweiß-Reportage von Passanten mit Kaffeebechern in belebter Großstadt am Morgen, Illustration mit AI erstellt.

Starbucks Corp. (ISIN US8552441094) has a USD 110.00 price target from D.A. Davidson, which reiterated a Neutral rating on October 9, 2026, according to Investing.com. The target lies 21.36 percent above the EUR 81.05 Lang & Schwarz price when the comparison is made in the respective home currencies using the USD 90.63 Nasdaq quote and the USD 110.00 target. Starbucks stock was trading at EUR 81.05 at Lang & Schwarz on October 13, 2026 at 5:05 p.m. CEST, 1.67 percent below the Xetra close of October 12, 2026 at EUR 82.43.

Comparable sales rise in fiscal third quarter

Starbucks reported global comparable store sales growth of 7.90 percent in fiscal third quarter 2026, while revenue declined 1.40 percent to USD 9.32 billion, according to Zacks. Adjusted earnings reached USD 0.85 per share versus a USD 0.66 consensus estimate, a 28.79 percent premium to expectations. The revenue decline reflected the transition of the China retail business to a licensed joint venture structure.

The operating picture was mixed rather than uniform. GAAP operating income increased 4.80 percent year over year to USD 980.4 million, while GAAP operating margin expanded 60 basis points to 10.50 percent. The result included tariff refunds and higher restructuring costs of USD 302.6 million, so the margin improvement carries a one-off element that investors must separate from underlying store performance.

Valuation stays high against peers

Starbucks had a market capitalization of EUR 92.8 billion and a price-to-earnings ratio of 52.28 on October 13, 2026. McDonald's traded at USD 236.33, with a 19.20 price-to-earnings ratio and a USD 167.9 billion market capitalization. Chipotle Mexican Grill traded at USD 30.27, with a 27.74 price-to-earnings ratio and a USD 38.8 billion market capitalization.

Comparison with peers

Starbucks Corp. (Nasdaq, USD): minus 1.67 percent, P/E 52.28, market capitalization EUR 92.8 billion.

McDonald's (NYSE, USD): plus 0.29 percent, P/E 19.20, market capitalization USD 167.9 billion.

Chipotle Mexican Grill (NYSE, USD): minus 0.43 percent, P/E 27.74, market capitalization USD 38.8 billion.

Results date approaches

Starbucks scheduled its fiscal 2026 results release for October 29, 2026, according to the company's third-quarter earnings call transcript published by Yahoo Finance. Management's fiscal 2026 outlook included adjusted earnings of USD 2.55 to USD 2.65 per share and full-year global comparable sales growth nearing 6.00 percent.

Price remains below the Xetra close

The EUR 81.05 Lang & Schwarz price stood 1.67 percent below the Xetra close of October 12, 2026 at EUR 82.43. The comparison gives German investors a clear reference point while Starbucks trades at a materially higher earnings multiple than McDonald's and Chipotle Mexican Grill.

The further course of trading is shown by the continuously updated real-time quote of Starbucks stock.