JPMorgan cuts target for Starbucks stock from USD 112.00 to USD 105.00
Published on 10/06/2026 at 17:11 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Starbucks Corporation (ISIN US8552441094) stock was last at EUR 84.76 on Tradegate on October 6, 2026, versus EUR 83.88 previously, a plus 1.05 percent change. The latest analyst move is a lower target from JPMorgan, which kept its Overweight rating while cutting the objective from USD 112.00 to USD 105.00 on September 29, 2026, according to Markets Insider.
JPMorgan lowers its target
The revised target keeps the bank positive on the shares, but it lowers the valuation assigned to the turnaround. The same report says the target change followed meetings with management teams and retained the Overweight rating, giving investors a concrete distinction between a target reduction and a bearish rating change.
At USD 105.00, the JPMorgan target stands 9.90 percent above the reported USD 95.49 reference price in the September 29 report. That comparison uses the two dollar values in the report, not the separate euro quotation on Tradegate.
Quarterly growth meets restructuring
Starbucks reported fiscal third-quarter 2026 net revenue of USD 9.32 billion for the period ended June 28, 2026, down 1.40 percent from USD 9.46 billion a year earlier. Diluted earnings per share increased 85.70 percent to USD 0.91 from USD 0.49, while GAAP operating margin reached 10.50 percent, according to Yahoo Finance.
The operating picture is mixed by design. Global comparable store sales rose 7.90 percent in fiscal Q3 2026, led by a 4.20 percent increase in transactions, but the China retail transaction reduced reported international revenue and helped push total revenue lower.
Store strategy changes the outlook
Starbucks also reduced fiscal 2026 net-new global store guidance to 440 locations from 600 to 650. The company plans to close 250 North American stores and take a USD 300 million restructuring charge, according to MarketBeat.
That shift puts more weight on productivity in existing locations than on unit expansion. For investors, the key test is whether comparable transactions and operating margin gains can offset the lower store contribution and restructuring costs.
Stock rises above its prior close
Starbucks stock was last at EUR 84.76 on Tradegate on October 6, 2026 at 5:05 p.m. CEST, versus the previous close of EUR 83.88, a plus 1.05 percent change. The primary listing is Nasdaq, where the stock was quoted in USD.
Starbucks Corporation will hold its fiscal fourth-quarter 2026 earnings conference call on October 29, 2026, tentatively according to the company's earnings-call transcript published by Yahoo Finance.
Starbucks stock facts
- Company: Starbucks Corporation
- ISIN: US8552441094
- Ticker: SBUX
- Primary exchange: Nasdaq
- Substitute price Tradegate (as of October 6, 2026, 5:05 p.m. CEST): EUR 84.76
- Change versus previous close: plus 1.05 percent
- Previous close Tradegate (October 5, 2026): EUR 83.88
- Market capitalization: USD 108.9 billion (as of October 6, 2026)
- 52-week range: USD 77.99-110.51 (as of October 5, 2026)
- Sector / Industry: Consumer Cyclical / Restaurants
- Index membership: Nasdaq-100, S&P 100, S&P 500
- Next earnings date: October 29, 2026
