Starbucks Likely To Post Higher Q3 Earnings; Here's A Look At Recent Price Target Changes By The Most Accurate Analysts
Portfolio Pulse from Lisa Levin
Starbucks Corporation (NASDAQ:SBUX) is expected to report higher Q3 earnings of 86 cents per share, up from 84 cents per share a year ago, with revenues of $8.42 billion. The company's shares rose 0.3% to close at $101.57 on Monday. Recent price target changes by analysts include Citigroup's cut from $117 to $112, Wells Fargo's cut from $125 to $120, Stephens & Co.'s raise from $103 to $110, Piper Sandler's target of $107, and Evercore ISI Group's boost from $120 to $125.
August 01, 2023 | 1:34 pm
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Starbucks is expected to report higher Q3 earnings, which could positively impact its stock. However, recent price target changes by analysts have been mixed, indicating uncertainty about the company's future performance.
The expected increase in Starbucks' Q3 earnings is likely to have a positive impact on its stock in the short term. However, the mixed price target changes by analysts suggest that there is some uncertainty about the company's future performance, which could potentially limit the positive impact of the earnings report.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100