D.A. Davidson keeps Starbucks stock Neutral with USD 110.00 target

Published on 10/23/2026 at 10:45 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

UBS cut its target to USD 105.00 on October 8, 2026. Starbucks stock costs EUR 90.53 on October 23, 2026 with USD 9.32 billion Q3 revenue.

Valuation and operating recovery

D.A. Davidson reiterated a Neutral rating and USD 110.00 target on October 22, 2026.
Fiscal third-quarter revenue reached USD 9.32 billion and operating margin expanded to 14.40 percent.
Starbucks stock trades at EUR 90.53 at 10:38 a.m. CEST at Lang & Schwarz on October 23, 2026.
Starbucks plans to report fiscal fourth-quarter results on October 29, 2026.

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Starbucks stock (ISIN US8552441094) was trading at EUR 90.53 at Lang & Schwarz on October 23, 2026 at 10:38 a.m. CEST. Investing.com reported on October 22, 2026 that D.A. Davidson reiterated a Neutral rating and a USD 110.00 price target.

Target meets valuation concerns

The analyst view combines confidence in the turnaround with a demanding valuation. D.A. Davidson said Starbucks would need sustained same-store sales growth and better earnings flow-through to justify the multiple, while it expects earnings per share to recover through fiscal year 2028.

The same report said UBS had lowered its target from USD 112.00 to USD 105.00 while keeping a Neutral rating. That counterweight matters because the Starbucks recovery is generating stronger operating signals, but the market is already pricing in a substantial improvement.

What does the turnaround mean for margins?

Starbucks reported fiscal third-quarter consolidated revenue of USD 9.32 billion, global comparable sales growth of 7.90 percent and an operating margin of 14.40 percent. According to the Yahoo Finance transcript dated July 29, 2026, the margin expanded by 430 basis points year over year and earnings per share rose 70.00 percent to USD 0.85.

The company also raised fiscal 2026 adjusted earnings guidance to USD 2.55 to USD 2.65 per share and lifted consolidated margin guidance to more than 11.00 percent. The guidance gives investors a measurable test for the next report: whether higher transactions continue to translate into profit growth.

Next results arrive October 29

Yahoo Finance states that Starbucks plans to report fiscal fourth-quarter results and hold its earnings call on October 29, 2026. The upcoming release will show whether the company can sustain its 7.90 percent global comparable-sales growth while converting the recovery into higher margins.

Price stays tied to the next test

The euro quotation places Starbucks below the USD 110.00 analyst target when viewed in the primary-market currency, so no direct percentage comparison is made between the two currencies. The relevant operating markers remain fiscal 2026 adjusted earnings guidance of USD 2.55 to USD 2.65 per share and consolidated margin guidance above 11.00 percent.

Starbucks was trading at EUR 90.53 at Lang & Schwarz on October 23, 2026 at 10:38 a.m. CEST.

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