Street View: Starbucks brews growth optimism

Starbucks

30/10/2026 11:15

**  Starbucks SBUX.O forecast annual profit above Wall Street expectations on Thursday and unveiled a $1 billion share repurchase plan, signaling confidence that Chief Executive Brian Niccol's sweeping overhaul of the coffee chain is beginning to gain traction
** Shares of coffee chain rise nearly 1% to $106.5 premarket
     
A CUP HALF FULL
** Morgan Stanley  ("overweight," PT: $116) says SBUX will continue and expand its strategy through FY27, with sustained comparable sales growth and traffic will be key, and believes  co still has opportunities for further growth
** TD Cowen ("buy," PT: $120) expects SBUX to focus more on the afternoon business through new drinks and marketing, while caffeine-free refreshers could help drive engagement with kids 
** Gordon Haskett ("hold," PT: $114) sees SBUX’ long list of operations, cost control and top-line drivers continuing to deliver in FY27 
** Morningstar (Fair Value: $89) says, "despite a challenging macro backdrop, Starbucks’ investments in remodels, service, menu innovation, and marketing strengthen its premium positioning and drive sales growth"
     
     

 (Reporting by Akriti Shah in Bengaluru)
 ((akriti.shah@thomsonreuters.com ; X, formerly Twitter: @AkritiShahh))