Mizuho cuts target for Starbucks stock from USD 115.00 to USD 105.00

Published on 10/26/2026 at 12:10 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

The revised target is USD 105.00 after a cut from USD 115.00. Starbucks stock costs EUR 90.49 on October 26, 2026, 0.19 percent below its Xetra close.

Targets and operating milestones

On October 26, 2026, Mizuho cut its Starbucks target from USD 115.00 to USD 105.00.
Fiscal third-quarter revenue was USD 9.3 billion while global comparable sales grew 7.9 percent.
Starbucks stock trades at EUR 90.49 at 12:06 p.m. CET at Lang & Schwarz on October 26, 2026, 0.19 percent below the Xetra close of October 23, 2026.
Starbucks is scheduled to report fiscal fourth-quarter results on October 29, 2026.

Starbucks Corp., US8552441094, Illustration mit AI erstellt.

Starbucks Corporation (ISIN US8552441094) was trading at EUR 90.49 at Lang & Schwarz on October 26, 2026, at 12:06 p.m. CET, down 0.19 percent versus the Xetra close of October 23, 2026. Transcript Daily reported on October 26, 2026, that Mizuho cut its Starbucks target from USD 115.00 to USD 105.00 and kept a neutral rating.

Q3 results reset the baseline

The target reduction comes as Starbucks prepares for its fiscal fourth-quarter report. In the fiscal third quarter, consolidated revenue was USD 9.3 billion, down 1 percent year over year, while global comparable sales grew 7.9 percent.

The operating picture improved more clearly than the top line. According to the Yahoo Finance transcript of the July 29, 2026 earnings call, consolidated operating margin expanded 430 basis points year over year to 14.4 percent, while earnings per share rose 70 percent to USD 0.85.

Three dates mark the turnaround

The recent chronology shows a recovery story that is improving but still being tested. On July 29, 2026, Starbucks reported fiscal third-quarter revenue of USD 9.3 billion and global comparable sales growth of 7.9 percent. On September 30, 2026, Rothschild and Co Redburn raised its target from USD 81.00 to USD 82.00, while on October 26, 2026, Mizuho cut its target from USD 115.00 to USD 105.00, both according to Transcript Daily.

What will test the recovery?

The next test is scheduled for October 29, 2026, when Starbucks is expected to report fiscal fourth-quarter results after the market close, according to Yahoo Finance. Analysts cited in that report expect quarterly earnings per share of USD 0.73. Management's fiscal 2026 outlook calls for adjusted earnings per share of USD 2.55 to USD 2.65, consolidated operating margin above 11 percent and 600 to 650 net new coffeehouses.

Stock stays below the Xetra close

For investors, the key tension is between stronger customer traffic and the still incomplete margin recovery. Starbucks also expects fourth-quarter U.S. comparable sales growth of 6.5 percent or better, making transactions and profitability central to the October report.

Starbucks was trading at EUR 90.49 at Lang & Schwarz on October 26, 2026, at 12:06 p.m. CET, 0.19 percent below the Xetra close of October 23, 2026 at EUR 90.66. The further course of trading is shown by the continuously updated real-time quote of Starbucks stock.