Starbucks stock keeps BofA's USD 143 target before earnings

Published on 10/05/2026 at 21:24 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Starbucks stock traded at USD 94.46 on October 5, while the next report is set for October 28. Q3 revenue reached USD 9.3 billion despite a 1 percent decline.

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Starbucks stock (ISIN US8552441094) was last at USD 94.46 on Nasdaq on October 5, 2026 at 3:23 p.m. ET, while Bank of America kept a USD 143 price target ahead of the next quarterly report. The company enters that checkpoint after Q3 FY2026 GAAP earnings per share rose 86 percent year over year to USD 0.91.

BofA holds its USD 143 target

According to Yahoo Finance on October 5, 2026, BofA analyst Sara Senatore kept her Buy rating and USD 143 price target on October 1. The report also identified Starbucks earnings on October 28 as the next quarterly checkpoint.

The target is set against a Nasdaq price of USD 94.46 on October 5, 2026. That leaves a USD 48.54 difference between the market quote and the stated target, although the target is an analyst view rather than a company forecast.

Q3 sales improved while revenue fell

Starbucks reported Q3 FY2026 results for the 13-week period ended June 28, 2026. In the release carried by Yahoo Finance, consolidated revenue fell 1 percent year over year to USD 9.3 billion, while GAAP EPS increased 86 percent to USD 0.91 and non-GAAP EPS rose 70 percent to USD 0.85.

The operating picture was more constructive than the headline revenue number. Global comparable-store sales increased 7.9 percent, North America comparable sales rose 8.1 percent, and non-GAAP operating margin expanded 430 basis points to 14.4 percent in Q3 FY2026, according to the same July 29, 2026 release.

Store closures reshape fiscal guidance

Starbucks also plans to close 250 North America coffeehouses and reduced fiscal 2026 net-new global store guidance to 440 from a prior range of 600 to 650, according to StockTitan in its September 24, 2026 filing summary. The shift redirects attention from unit expansion toward the performance and customer experience of existing locations.

For the full fiscal year, Starbucks raised non-GAAP EPS guidance to USD 2.55-2.65 and expects consolidated revenue to be flat to slightly higher, according to the July 29, 2026 results release. That combination makes the October report important for testing whether stronger comparable sales can translate into sustained earnings growth after the China retail transition.

Starbucks stock trades below its yearly high

Starbucks stock was last at USD 94.46 on Nasdaq on October 5, 2026 at 3:23 p.m. ET, down 0.26 percent from the prior close of USD 94.71. The session range was USD 93.55 to USD 95.00, volume was 3,779,306 shares, and market capitalization was USD 107.7 billion; the 52-week range was USD 77.99 to USD 110.51.