Starbucks price target raised to $100 from $95 at RBC Capital

RBC Capital raised the firm’s price target on Starbucks (SBUX) to $100 from $95 and keeps an Outperform rating on the shares. The firm is “encouraged” following the presentations at the company’s Leadership Experience given the accelerated labor deployment in particular, which suggests that the management has increased confidence in their new strategy translating to top-line upside, the analyst tells investors in a research note. Ahead of the event, investor expectations around FY26 EPS were depressed on the view that FY26 would be another investment year followed by more material traffic improvement in FY27, RBC added.