Barclays analyst Jeffrey Bernstein keeps an Overweight rating on Starbucks (SBUX) with a $110 price target after the company pre-announced Q4 and suspended its prior fiscal 2025 guidance. The firm finds it best to separate the current more challenging fundamentals from the new CEO’s vision. While the new 2025 outlook an updated long-term algorithm will take time to formulate, investors will be buyers of the CEO’s vision, the analyst tells investors in a research note. Barclays believes very few companies across the consumer landscape offer proven, industry leading growth at scale, and say “such scarcity value provides valuation support” for Starbucks.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SBUX:
- Starbucks price target lowered to $96 from $99 at Citi
- Starbucks Slips on Dismal Preliminary Results and Suspended Guidance
- Closing Bell Movers: Starbucks falls 4% on negative pre-announcement
- Starbucks Faces Challenges, Revamps Strategy for Growth
- Starbucks falls 4% to $92.75 after preliminary results miss estimates