Guggenheim Maintains Neutral Rating on Starbucks Corporation (SBUX) Despite Updated Projections

NodeGuardian · 2026-03-15T20:15:38+00:00

Guggenheim maintains a Neutral rating on Starbucks, raising the price target to $95. Despite lowering EPS forecasts, they forecast a 4.8% sales growth for Q2, following a 4% rise in global comparable sales and a 6% revenue increase to $9.9 billion in Q1 FY26.

NodeGuardian

2026-03-15 20:15:38

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Guggenheim has reiterated its Neutral rating on Starbucks Corporation (SBUX), while increasing its price target from $90 to $95. Despite lowering EPS projections for FY26-FY28, the firm raised its fiscal Q2 U.S. same-store sales growth outlook to 4.8%. This update follows Starbucks’ Q1 FY26 results, which showed a 4% increase in global comparable store sales and consolidated net revenue growth of 6% to $9.9 billion.

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