Starbucks stock: Stifel resumes coverage with 115 US dollar target
Published on 11/10/2026 at 16:31 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSAnalyst support meets operating recovery
- Stifel resumed coverage with a Buy rating and a 115 US dollar price target.
- The analyst sees fiscal 2027 comparable-sales growth and earnings expansion supporting the turnaround.
- China remains a drag on reported revenue even as North American operations improve.
Stifel has resumed coverage of Starbucks with a Buy rating and a 115 US dollar price target, according to Investing.com. The analyst view adds a new market perspective to the coffee chain's fiscal 2027 recovery story.
Starbucks stock traded at 96.90 euros on Lang & Schwarz at 16:14 CET on Tuesday, November 10, 2026, 0.92 percent below the Xetra close of Monday, November 9, at 97.80 euros.
Stifel sees earnings leverage
Stifel analyst Matthew Smith linked the target to a 21-times enterprise-value-to-EBITDA multiple on fiscal 2027 forecasts. He said comparable-sales momentum and wider margins could support another year of double-digit EBITDA growth.
Stifel projects global comparable-sales growth of 4 percent and earnings per share of 3.19 US dollars for fiscal 2027. The estimate sits within Starbucks' management guidance of 3.15 to 3.25 US dollars and reflects expected gains from transactions and average ticket growth.
North America leads the recovery
The analyst cited sales leverage and cost savings as signs that the recovery is becoming increasingly self-funding. Technology upgrades, afternoon menu innovation and roughly 2,000 North American store remodels are also part of the investment case.
That optimism contrasts with continuing pressure on the reported revenue line. Starbucks' China transition changes the consolidation base, while the company expects fiscal 2027 revenue to decline by about 1 percent. North American comparable sales and margin execution therefore remain the central tests for the turnaround.
The latest quarterly performance provided support for the thesis, with adjusted earnings per share of 0.80 US dollars and global comparable coffeehouse sales growth of 7.2 percent, according to the Investing.com report.
The broader US market backdrop is tracked in the S&P 500.
For investors, the next focus is whether North American traffic and pricing can sustain margin expansion while the China transition weighs on reported comparisons. More news and analyses on Starbucks stock.
Starbucks Corporation at a glance
- Company: Starbucks Corporation
- ISIN: US8552441094
- Lang & Schwarz quote: 96.90 euros on Tuesday, November 10, 2026, at 16:14 CET
- Xetra close: 97.80 euros on Monday, November 9, 2026
- Stifel rating: Buy
- Stifel price target: 115 US dollars
