Morgan Stanley keeps its USD 115 target for Starbucks stock

Published on 10/16/2026 at 09:50 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Morgan Stanley sees 7.00 percent North American comparable-sales growth. Starbucks stock costs EUR 86.08 on October 16, 2026, 0.64 percent above Xetra close.

Valuation and reporting calendar

Morgan Stanley maintained a USD 115 target for Starbucks on October 15, 2026.
Fiscal third-quarter revenue reached USD 9.32 billion, down 1.40 percent year over year.
Starbucks stock trades at EUR 86.08 at 9:41 a.m. CEST at Lang & Schwarz on October 16, 2026, 0.64 percent above the Xetra close of October 15, 2026.
Starbucks is scheduled to report fiscal fourth-quarter results on October 29, 2026.

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Starbucks Corp. (ISIN US8552441094) is trading at EUR 86.08 at Lang & Schwarz on October 16, 2026, up 0.64 percent versus the Xetra close of October 15, 2026 at EUR 85.53. As Zhitong Finance reported on October 15, 2026, Morgan Stanley maintained an Overweight rating and a USD 115 price target ahead of the companys fiscal fourth-quarter results. The target keeps earnings recovery at the center of the investment case.

Three events shaped the setup

The recent chronology shows a recovery story with uneven operating signals. On July 29, 2026, Starbucks reported fiscal third-quarter revenue of USD 9.32 billion, down 1.40 percent year over year, while adjusted earnings per share reached USD 0.85, up 70.00 percent, according to Barchart. On October 7, 2026, the company raised its quarterly dividend from USD 0.62 to USD 0.63 per share. On October 15, 2026, Morgan Stanley kept its USD 115 target and forecast 7.00 percent North American comparable-sales growth, as reported by Zhitong Finance.

What does the target say about earnings?

Morgan Stanley raised its fiscal-fourth-quarter earnings-per-share forecast from USD 0.67 to USD 0.71 and lifted its fiscal 2026 forecast from USD 2.58 to USD 2.62. Its fiscal 2027 forecast stands at USD 3.18, above the USD 3.15 consensus estimate cited in the October 15 report. That comparison points to operating leverage and margin expansion as the key tests for the turnaround rather than revenue growth alone.

The next reporting dates

Starbucks is scheduled to release fiscal fourth-quarter and full fiscal-year 2026 results after market close on October 29, 2026, according to the companys Starbucks event calendar. MarketBeat reported that the USD 0.63 dividend is scheduled for payment on November 27, 2026, with November 13, 2026 as the record date.

Stock holds above the Xetra close

For investors, the immediate signal is modest: the euro quote is 0.64 percent above the prior Xetra reference, below the 1.00 percent threshold that would indicate a pronounced daily move. The larger question is whether the July earnings improvement can translate into the margin expansion embedded in the USD 3.18 fiscal 2027 earnings-per-share forecast.

Starbucks was trading at EUR 86.08 at Lang & Schwarz on October 16, 2026 at 9:41 a.m. CEST, 0.64 percent above the Xetra close of October 15, 2026 at EUR 85.53. The further course of trading is shown by the continuously updated real-time quote of Starbucks stock.