Wells Fargo analyst Zachary Fadem raised the firm’s price target on Starbucks (SBUX) to $115 from $110 and keeps an Overweight rating on the shares. As news circulates of Starbucks exploring strategic options for its China business, the firm sees a no-lose situation, as both JV or spin/sale scenarios could boost long-term margins/EPS. Price to earnings sits at +19% vs long-term average, but the 2025 bar is low and China de-risk is a potential catalyst.
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 (SBUX) Operations Impacted by Ransomware Attack
- Starbucks supplier hit with ransomware attack, WSJ reports
- Can Starbucks (NASDAQ:SBUX) Cut Wait Times at Its Airport Outlets?
- Starbucks’ Legal Battles: Potential Financial Strain and Brand Risks
- Starbucks Updates CEO Niccol’s Equity Grant Terms