Wells Fargo cuts target for Starbucks stock to USD 120.00 from USD 125.00

Published on 10/26/2026 at 17:10 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Third-quarter revenue fell 1.00 percent to USD 9.32 billion. Starbucks stock costs EUR 91.48 on October 26, 2026, plus 0.90 percent versus Xetra close.

Target cut and trading picture

Wells Fargo cut its Starbucks target to USD 120.00 from USD 125.00 on October 21, 2026.
Fiscal third-quarter revenue fell 1.00 percent to USD 9.32 billion.
Starbucks stock costs EUR 91.48 at Lang & Schwarz on October 26, 2026 at 5:04 p.m. CEST, 0.90 percent above the Xetra close of October 23, 2026.
Starbucks had a USD 116.6 billion market capitalization and a 58.81 P/E on October 26, 2026.

Starbucks Corp., US8552441094, Illustration mit AI erstellt.

Wells Fargo cut its Starbucks target from USD 125.00 to USD 120.00 on October 21, 2026, according to MarketScreener. The new target is 17.30 percent above the Nasdaq price of USD 102.30 on October 26, 2026. Starbucks reported fiscal third-quarter revenue of USD 9.32 billion, down 1.00 percent from the prior-year quarter, while the stock stood at EUR 91.48 at Lang & Schwarz on October 26, 2026 at 5:04 p.m. CEST, up 0.90 percent versus the Xetra close of EUR 90.66 on October 23, 2026.

Revenue fell as traffic improved

Fiscal third-quarter results combined a weaker reported top line with stronger customer activity. Yahoo Finance reported that global comparable sales rose 7.90 percent, driven by a 4.20 percent increase in transactions and a 3.50 percent rise in average ticket. North America comparable sales increased 8.10 percent, giving investors a more detailed counterweight to the revenue decline.

The quarter also delivered USD 0.91 in diluted earnings per share and a 11.00 percent operating margin in the standardized financial statements. The reported figures include the transition of the China retail business to a licensed joint venture, which changed the revenue structure without removing Starbucks' 40.00 percent economic stake.

Stock sits 7.43 percent below high

At USD 102.30 on Nasdaq at 12:09 p.m. ET on October 26, 2026, Starbucks traded within its USD 77.99 to USD 110.51 52-week range. The current price was 7.43 percent below the 52-week high, while volume stood at 2,515,065 shares. The stock was up 22.20 percent year to date on October 23, 2026, according to Yahoo Finance.

What will October 29 reveal?

The next scheduled report is the fiscal fourth-quarter and full-year 2026 release on October 29, 2026. The earnings call transcript on Yahoo Finance lists the conference call for that date. Management's fiscal 2026 outlook calls for adjusted earnings per share of USD 2.55 to USD 2.65 and consolidated operating margin above 11.00 percent.

Valuation leaves less room for disappointment than the traffic figures alone suggest. Starbucks had a USD 116.6 billion market capitalization and a 58.81 P/E on October 26, 2026, alongside a 2.00 percent dividend yield. The Wells Fargo target cut therefore sits within a broader analyst debate about how quickly improved transactions can translate into durable margins.

Price against the Xetra close

Starbucks stock was trading at EUR 91.48 at Lang & Schwarz on October 26, 2026 at 5:04 p.m. CEST, 0.90 percent above the Xetra close of October 23, 2026 at EUR 90.66. On Nasdaq, the stock last traded at USD 102.30 on October 26, 2026 at 12:09 p.m. ET. The further course of trading is shown by the continuously updated real-time quote of Starbucks stock.