Starbucks price target raised to $124 from $119 at Barclays

Barclays raised the firm’s price target on Starbucks (SBUX) to $124 from $119 and keeps an Overweight rating on the shares. The company’s fiscal Q1 report beat the Street modestly and as expected, there is still no fiscal 2025 or long-term outlook, the analyst tells investors in a research note. The firm says that while only one quarter into the turnaround, Starbucks is “moving quickly and seeing a positive response.”