Starbucks stocks pop as TD Cowen upgrades to Buy

TD Cowen upgrades Starbucks to Buy, raises target to $120 on expected margin recovery. See what drives the bullish outlook.

BySophia Anderson- Senior Editor

Today / 13:25|Last updated: Today / 13:28

Starbucks stocks pop as TD Cowen upgrades to Buy — Photo: Prepared by Bond.az

TD Cowen has upgraded Starbucks to Buy and raised its price target to $120, citing margin recovery potential.

The upgrade comes after a visit to Starbucks headquarters, boosting confidence in the turnaround plan.

Earnings per share estimates for fiscal 2026-2028 were raised by about 9%, above consensus.

The firm projects 2028 operating margins of 15.1%, exceeding company guidance.

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