64/100BStarbucks stock forecast 2027–2031What is an analyst price target? A price target is the price an analyst expects a stock to reach in 12 months. Arincen shows the average, high and low targets and the upside to the average.
Analysts' average 12-month price target for Starbucks is 116.00, 8.3% above the current price of 107.14. Their targets range from 103.00 to 130.00.
Of the 23 firms that rated Starbucks in the past 12 months, 14 rate it buy or strong buy, 8 hold and 1 sell or strong sell (each firm at its latest rating): a Buy consensus.
Analysts' 1-year price targets range from 103.00 to 130.00, with an average of 116.00.
| Buy | 14 | |
| Hold | 8 | |
| Sell | 1 |
12-month price target
| Highest target | 130.00 |
| Average target | 116.00 |
| Lowest target | 103.00 |
| Current price | 107.14 |
Starbucks price target historyWhat is an analyst price target? A price target is the price an analyst expects a stock to reach in 12 months. Arincen shows the average, high and low targets and the upside to the average.
Have analysts recently raised or lowered their Starbucks price target and rating?
How analysts rate Starbucks, month by monthWhat is the analyst rating? The analyst rating sums up what the analysts covering a stock recommend, from strong buy to strong sell, by the share of them rating it a buy.
14 of 23 firms rate it buy now, against 14 of 22 in December 2025.
Each month: every firm at its latest rating from the 12 months before. Strong buys count as buys, strong sells as sells.
Starbucks analyst upgrades, downgrades and price targets
The latest rating change came on 14 May 2026, when TD Cowen upgraded Starbucks from Hold to Buy. The most recent new target came from Guggenheim on 2 November 2026: 103.00.
| Date | Firm | Rating | Price target | Change | Price then |
|---|---|---|---|---|---|
| 2 Nov 2026 | Guggenheim Gregory Francfort | Reiterated · Neutral | 97.00 → 103.00 | +6.2% | 103.65 |
| 23 Oct 2026 | Mizuho Securities | Reiterated · Neutral | 95.00 → 105.00 | +10.5% | 101.91 |
| 18 Aug 2026 | Needham | — | 120.00 | — | 108.02 |
| 3 Aug 2026 | Melius Research | — | 110.00 | — | 105.17 |
| 30 Jul 2026 | D.A. Davidson Matt Curtis | — | 102.00 → 110.00 | +7.8% | 107.62 |
| 30 Jul 2026 | Deutsche Bank Lauren Silberman | — | 113.00 → 126.00 | +11.5% | 105.75 |
| 30 Jul 2026 | Robert W. Baird | — | 117.00 → 124.00 | +6.0% | 104.14 |
| 30 Jul 2026 | UBS | Reiterated · Neutral | 94.00 → 112.00 | +19.1% | 104.14 |
| 30 Jul 2026 | Wells Fargo | Reiterated · Overweight | 120.00 → 125.00 | +4.2% | 104.14 |
| 30 Jul 2026 | BMO Capital Andrew Strelzik | — | 120.00 → 130.00 | +8.3% | 104.14 |
| 16 Jul 2026 | Wells Fargo | Reiterated · Overweight | 115.00 → 120.00 | +4.3% | 105.11 |
| 15 Jul 2026 | Morgan Stanley Brian Harbour | — | 110.00 → 111.00 | +0.9% | 106.17 |
| 14 May 2026 | TD Cowen | Upgraded · Hold → Buy | — | — | — |
| 6 May 2026 | Stifel Nicolaus Chris O'Cull | Reiterated · Buy | 115.00 → 117.00 | +1.7% | 104.94 |
| 29 Apr 2026 | D.A. Davidson | — | 102.00 | — | 105.57 |
| 29 Apr 2026 | Piper Sandler Brian Mullan | — | 105.00 → 110.00 | +4.8% | 105.89 |
| 29 Apr 2026 | Evercore ISI | Reiterated · Outperform | 105.00 → 115.00 | +9.5% | 104.04 |
| 29 Apr 2026 | Morgan Stanley Brian Harbour | — | 105.00 → 110.00 | +4.8% | 103.58 |
| 29 Apr 2026 | RBC Capital | Reiterated · Sector Perform | 105.00 → 110.00 | +4.8% | 97.28 |
| 29 Apr 2026 | Guggenheim | Reiterated · Neutral | 95.00 → 97.00 | +2.1% | 97.28 |
| 29 Apr 2026 | Robert W. Baird David Tarantino | — | 117.00 | — | 97.28 |
| 29 Apr 2026 | Wells Fargo | Reiterated · Overweight | 110.00 → 115.00 | +4.5% | 97.28 |
| 21 Apr 2026 | Stifel Nicolaus Chris O'Cull | Reiterated · Buy | 115.00 | — | 98.95 |
| 13 Apr 2026 | Jefferies | Upgraded · Underperform → Hold | — | — | — |
| 18 Mar 2026 | RBC Capital | Downgraded · Outperform → Sector Perform | — | — | — |
| 17 Mar 2026 | RBC Capital Logan Reich | — | 100.00 → 105.00 | +5.0% | 97.57 |
| 4 Mar 2026 | Guggenheim Gregory Francfort | — | 90.00 → 95.00 | +5.6% | 97.15 |
| 30 Jan 2026 | BMO Capital | — | 120.00 | — | 92.37 |
| 30 Jan 2026 | Barclays | Reiterated · Overweight | 110.00 → 116.00 | +5.5% | 93.88 |
| 29 Jan 2026 | Deutsche Bank Lauren Silberman | — | 113.00 | — | 94.09 |
| 28 Jan 2026 | Wells Fargo Zachary Fadem | — | 100.00 → 110.00 | +10.0% | 97.98 |
| 27 Jan 2026 | New Street Gregory Francfort | — | 90.00 | — | 96.33 |
| 26 Jan 2026 | Guggenheim Gregory Francfort | — | 83.00 → 90.00 | +8.4% | 96.50 |
| 26 Jan 2026 | Mizuho Securities Nick Setyan | Reiterated · Neutral | 86.00 → 95.00 | +10.5% | 97.62 |
| 23 Jan 2026 | Gordon Haskett Capital Corporation | — | 95.00 | — | 95.83 |
| 23 Jan 2026 | William Blair | Upgraded · Market Perform → Outperform | — | — | — |
| 21 Jan 2026 | Susquehanna | — | 114.00 | — | 93.66 |
| 15 Jan 2026 | BWG Global | Upgraded · Mixed → Positive | — | — | — |
| 9 Jan 2026 | Mizuho Securities | Reiterated · Neutral | 84.00 → 86.00 | +2.4% | 88.18 |
| 7 Jan 2026 | Barclays | Reiterated · Overweight | 95.00 → 110.00 | +15.8% | 89.46 |
Starbucks EPS and revenue estimatesWhat are estimate revisions? Estimate revisions are the changes analysts make to their EPS and revenue forecasts for the years ahead. They show whether expectations are rising or falling.
Analysts expect Starbucks's EPS to grow 24.7% a year until 2029. Over the last 5 years it fell 9.0% a year, and over the last 3 years it fell 14.9%.
Analysts expect Starbucks's revenue to grow 3.3% a year until 2029, about as fast as over the last 5 years (5.5% a year) and the last 3 years (1.8%).
Revenue
EPS
Does Starbucks beat earnings estimates?What is an earnings surprise? An earnings surprise is how far a company's reported EPS or revenue came above or below the analysts' average estimate, in percent.
On average, analysts' EPS estimate was 12.3% off the result, either way, and their revenue estimate 2.0%, over the last 12 quarters.
- EPS beats
- 63 / 120
- Revenue beats
- 62 / 119
- Average EPS surprise, last 12What is an earnings surprise? An earnings surprise is how far a company's reported EPS or revenue came above or below the analysts' average estimate, in percent.
- -2.5%
- Since
- January 1997
| Quarter | Report date | EPS estimate | Reported EPS | Surprise | Revenue estimate | Reported revenue | Surprise |
|---|---|---|---|---|---|---|---|
| Q4 FY2026 | 29 Oct 2026 | 0.72 | 0.80 | +11.3% | 9.22B | 9.14B | -0.9% |
| Q3 FY2026 | 29 Jul 2026 | 0.66 | 0.85 | +28.8% | 9.17B | 9.32B | +1.6% |
| Q2 FY2026 | 28 Apr 2026 | 0.43 | 0.50 | +17.6% | 9.17B | 9.53B | +4.0% |
| Q1 FY2026 | 28 Jan 2026 | 0.59 | 0.56 | -4.4% | 9.65B | 9.92B | +2.7% |
| Q4 FY2025 | 29 Oct 2025 | 0.56 | 0.52 | -6.5% | 9.33B | 9.57B | +2.6% |
| Q3 FY2025 | 29 Jul 2025 | 0.65 | 0.50 | -22.7% | 9.29B | 9.46B | +1.7% |
| Q2 FY2025 | 29 Apr 2025 | 0.49 | 0.41 | -15.6% | 8.83B | 8.76B | -0.8% |
| Q1 FY2025 | 28 Jan 2025 | 0.68 | 0.69 | +1.5% | 9.32B | 9.40B | +0.9% |
| Q4 FY2024 | 30 Oct 2024 | 1.03 | 0.80 | -22.3% | 9.20B | 9.07B | -1.4% |
| Q3 FY2024 | 30 Jul 2024 | 0.93 | 0.93 | 0.0% | 9.25B | 9.11B | -1.5% |
| Q2 FY2024 | 30 Apr 2024 | 0.79 | 0.68 | -13.9% | 9.12B | 8.56B | -6.1% |
| Q1 FY2024 | 30 Jan 2024 | 0.93 | 0.90 | -3.2% | 9.44B | 9.43B | -0.1% |
Starbucks stock price 2027–2031: scenariosHow are the stock price scenarios calculated? Bear, base and bull prices for the years ahead: the analysts' EPS estimates times the lowest, average and highest P/E of the stock today and at its last five year ends, or of its peers.
If Starbucks's earnings grow at the 16.5% a year analysts expect to FY2029, then 15.0% a year, it would earn about 5.66 a share in FY2031. At the P/E it has traded at over the last five years (25.4 to 52.5) that is 143.58 to 297.55 a share, or 215.68 at its average P/E of 38.1. This is arithmetic on the analysts' estimates, not a prediction.
| Fiscal year | EPS | Bear | Base | Bull |
|---|---|---|---|---|
| FY2027 | 3.22 | 81.66 | 122.67 | 169.24 |
| FY2028 | 3.72 | 94.29 | 141.63 | 195.39 |
| FY2029 | 4.28 | 108.57 | 163.08 | 224.99 |
| FY2030 (extrapolated) | 4.92 | 124.85 | 187.55 | 258.74 |
| FY2031 (extrapolated) | 5.66 | 143.58 | 215.68 | 297.55 |
Each year's EPS is the analysts' consensus to FY2029; the years after grow 15.0% a year (the analysts' growth, at most 15%). Bear, base and bull apply the lowest, average and highest P/E of today and the last five fiscal year ends, leaving out any above 60, the mark of a year of collapsed earnings (25.4, 38.1, 52.5).
Is Starbucks stock undervalued or overvalued?How does Arincen work out a stock's fair value? Fair value is our estimate of a share's price at the P/E the company usually trades at, with a low to high range around it.
Starbucks's P/E of 48.5 is above the middle of its 5-year range (18.5 to 83.8, median 34.0). Analysts expect faster growth than in recent years, which can explain part of the high P/E. Fair value is not a reliable guide for Starbucks: its earnings swing (EPS fell 50.8% in FY2025), so its usual P/E would mislead. Its forward P/E, on the consensus for FY2027, is 33.3.
- Price to earnings ratio (TTM)What is the P/E ratio? The P/E ratio divides a share's price by its earnings per share over the last year: what you pay for each dollar of profit.
- 48.48
- Five-year median P/EWhat is the P/E ratio? The P/E ratio divides a share's price by its earnings per share over the last year: what you pay for each dollar of profit.
- 34.00
- Five-year P/E range
- 18.5 – 83.8
- Forward P/E (FY2027)What is the forward P/E ratio? Forward P/E divides a share's price by the earnings per share analysts expect in the coming year, rather than last year's actual earnings.
- 33.26
- PEG ratioWhat is the PEG ratio? The PEG ratio divides the P/E by the yearly earnings growth analysts expect, to show how much you pay for each point of growth.
- 2.94
- To the average targetWhat is an analyst price target? A price target is the price an analyst expects a stock to reach in 12 months. Arincen shows the average, high and low targets and the upside to the average.
- +8.3%
Most undervalued US stocksHow does Arincen work out a stock's fair value? Fair value is our estimate of a share's price at the P/E the company usually trades at, with a low to high range around it.
| Stock | Price | Fair value | Upside |
|---|---|---|---|
| 35.850 | 71.4258Price 35.85193 | +99.2% | |
| 29.050 | 56.2634Price 29.0596 | +93.7% | |
| 241.000 | 464.49205Price 241.00627 | +92.7% | |
| 123.590 | 237.24178Price 123.59297 | +92.0% | |
| 161.400 | 305.52159Price 161.40396 | +89.3% | |
| 157.460 | 297.58169Price 157.46471 | +89.0% | |
| 217.560 | 405.38304Price 217.56507 | +86.3% |
Furthest below the fair value on each stock's page, updated every day.