UBS cuts target for Starbucks stock from USD 112.00 to USD 105.00

Published on 10/21/2026 at 12:07 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Fourth-quarter results are due October 29, 2026 after market close. Starbucks stock costs EUR 88.25, 0.70 percent below the Xetra close.

Upcoming results set the test

UBS set a USD 105.00 target after cutting it from USD 112.00 on October 20, 2026.
Starbucks reported USD 9.32 billion in fiscal third-quarter revenue and 7.90 percent global comparable-sales growth.
Starbucks stock trades at EUR 88.25 at 12:03 p.m. CEST at Lang & Schwarz on October 21, 2026, 0.70 percent below the Xetra close of October 20, 2026.
Starbucks has a USD 113.3 billion market capitalization as of October 20, 2026.

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Starbucks Corp. (US8552441094) faces a lower UBS target of USD 105.00, cut from USD 112.00 on October 20, 2026, according to Investing.com. Starbucks will publish fiscal fourth-quarter and full-year 2026 results after market close on October 29, 2026.

Sales recovery meets valuation pressure

The target cut comes before the next earnings test. UBS kept a Neutral rating and said fourth-quarter U.S. comparable sales expectations stood at 7.50 percent, versus consensus at 6.70 percent, while earnings-per-share expectations ranged from USD 0.77 to USD 0.82.

Starbucks entered the report with a mixed operating picture. In fiscal third quarter 2026, revenue was USD 9.32 billion, down 1.40 percent year over year, while net income reached USD 1.05 billion, up 87.00 percent, according to Simply Wall St. Global comparable sales grew 7.90 percent in that period, giving the turnaround a stronger demand signal even as the consolidated revenue comparison reflected the China business change.

What does the target cut mean for valuation?

Investing.com reported that Starbucks traded at a price-to-earnings ratio of 57.15 when UBS issued its view. The lower USD 105.00 target therefore puts more weight on whether improving transactions can translate into durable margin expansion rather than only higher sales.

Three dated signals for Starbucks

On July 29, 2026, Starbucks posted fiscal third-quarter revenue of USD 9.32 billion and net income of USD 1.05 billion, as reported by Simply Wall St. On October 8, 2026, the company raised its quarterly dividend from USD 0.62 to USD 0.63 per share, the same source reported. On October 20, 2026, UBS cut its target from USD 112.00 to USD 105.00, according to Investing.com.

Two dates now matter

Starbucks is scheduled to release fiscal fourth-quarter and full-year 2026 results on October 29, 2026, after market close, with a conference call afterward, according to StockTitan. The next dividend ex-date is November 13, 2026, according to Yahoo Finance.

Stock trades below the Xetra close

Starbucks stock was trading at EUR 88.25 at Lang & Schwarz on October 21, 2026 at 12:03 p.m. CEST, 0.70 percent below the Xetra close of October 20, 2026 at EUR 88.87. The Nasdaq-listed company had a USD 113.3 billion market capitalization as of October 20, 2026, with a 52-week range of USD 77.99 to USD 110.51.

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