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We're raising our price target on Starbucks after a robust beat-and-raise quarter

  • Posted on April 28, 2026
  • By CNBC
  • 0 Views
  • 1 min read
In brief

Starbucks demonstrates significant momentum in its operational turnaround with impressive second-quarter financial performance, prompting analysts to increase their price targets. CEO Niccol's strategic initiatives are yielding tangible results, marked by strong revenue growth and margin expansion. The company's ability to execute operational improvements while maintaining pricing power positions it favorably for sustained growth. This quarterly beat-and-raise outcome validates the effectiveness of management's transformation strategy and reinforces investor confidence in the brand's recovery trajectory.

Summary auto-generated by AI from the original publisher's content. Editorial standards.

We're raising our price target on Starbucks after a robust beat-and-raise quarter
We're raising our price target on Starbucks after a robust beat-and-raise quarter

The "turn" in the turnaround is here, according to Niccol, and it's hard to argue with that based on the second-quarter results.
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Author
CNBC

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