Starbucks Price Target Cut by UBS Analyst on Disappointing Q2 Results

WallStreetZen05-02

UBS's Dennis Geiger lowered their price target on Starbucks (NASDAQ: SBUX) by 10.5% from $95 to $85 on May 1, 2024. The analyst maintained their Hold rating on the stock. Geiger's decision to revise ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2432603728?lang=en_US&edition=fundamental","thumbnail":"https://images.unsplash.com/photo-1601660809180-b4e7b658f7ef?crop=entropy&cs=tinysrgb&fit=crop&fm=jpg&ixid=M3w0NDY2OTN8MHwxfGFsbHx8fHx8fHx8fDE2ODc4NzA5NDN8&ixlib=rb-4.0.3&q=80&w=260&utm_source=wallstreetzen&utm_medium=referral&utm_campaign=api-credit&h=180","is_english":true,"pubTime":"2024-05-02 20:02","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2432603728","market":"us","top_or_hot":-1,"title":"Starbucks Price Target Cut by UBS Analyst on Disappointing Q2 Results","media":"WallStreetZen","content":"<div>\n<p>UBS's Dennis Geiger lowered their price target on Starbucks (NASDAQ: SBUX) by 10.5% from $95 to $85 on May 1, 2024. The analyst maintained their Hold rating on the stock. Geiger's decision to revise ...</p>\n\n<a href=\"https://www.wallstreetzen.com/news/starbucks-price-target-cut-by-ubs-analyst-on-disappointing-q2-results\">Source Link</a>\n\n</div>\n","source":"wallstreetzen_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Starbucks Price Target Cut by UBS Analyst on Disappointing Q2 Results</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStarbucks Price Target Cut by UBS Analyst on Disappointing Q2 Results\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-05-02 20:02 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.wallstreetzen.com/news/starbucks-price-target-cut-by-ubs-analyst-on-disappointing-q2-results><strong>WallStreetZen</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>UBS's Dennis Geiger lowered their price target on Starbucks (NASDAQ: SBUX) by 10.5% from $95 to $85 on May 1, 2024. The analyst maintained their Hold rating on the stock. Geiger's decision to revise ...</p>\n\n<a href=\"https://www.wallstreetzen.com/news/starbucks-price-target-cut-by-ubs-analyst-on-disappointing-q2-results\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0310800965.SGD","symbol_name":"FTIF - Templeton Global Balanced A Acc SGD","start_time":0,"source_url":"https://www.wallstreetzen.com/news/starbucks-price-target-cut-by-ubs-analyst-on-disappointing-q2-results","article_id":"2432603728","we_media_id":null,"thumbnails":["https://images.unsplash.com/photo-1601660809180-b4e7b658f7ef?crop=entropy&cs=tinysrgb&fit=crop&fm=jpg&ixid=M3w0NDY2OTN8MHwxfGFsbHx8fHx8fHx8fDE2ODc4NzA5NDN8&ixlib=rb-4.0.3&q=80&w=260&utm_source=wallstreetzen&utm_medium=referral&utm_campaign=api-credit&h=180"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2432603728","pubTimestamp":1714651320,"sourceInfo":{"source_id":"wallstreetzen_highlight","name":"WallStreetZen"},"weMediaInfo":null,"summary":"UBS's Dennis Geiger lowered their price target on Starbucks (NASDAQ: SBUX) by 10.5% from $95 to $85 on May 1, 2024. The analyst maintained their Hold rating on the stock. Geiger's decision to revise t","collect":0,"end_time":0,"defaultTopTitle":"wallstreetzen.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU0310800965.SGD":"FTIF - Templeton Global Balanced A Acc SGD","BK4114":"综合货品商店","BK4535":"淡马锡持仓","BK4588":"碎股","LU1244550221.USD":"FRANKLIN GLOBAL MULTI-ASSET  INCOME \"A\" (USDHEDGED) INC (M)","USB":"美国合众银行","LU1244550577.SGD":"FTIF - Franklin Global Multi-Asset Income A (Mdis) SGD-H1","LU1267930490.SGD":"TEMPLETON GLOBAL EQUITY INCOME \"AS\" (SGD) INC A","LU0211327993.USD":"TEMPLETON GLOBAL EQUITY INCOME \"A\" (USD) ACC","TGT":"塔吉特","LU0882574139.USD":"富达环球消费行业基金A ACC","LU1244550494.USD":"FRANKLIN GLOBAL MULTI-ASSET INCOME \"A\" (USDHEDGED) ACC","LU0211328371.USD":"TEMPLETON GLOBAL EQUITY INCOME \"A\" (MDIS) (USD)   INC","BK4155":"大卖场与超市","BK4504":"桥水持仓","BK4209":"餐馆","SBUX":"星巴克","LU0823411888.USD":"法巴消费创新基金 Cap","LU2237443382.USD":"Aberdeen Standard SICAV I - Global Dynamic Dividend A MIncA USD","LU0052756011.USD":"TEMPLETON GLOBAL BALANCED \"A\" (USD) INC","LU2237443549.SGD":"Aberdeen Standard SICAV I - Global Dynamic Dividend A MIncA SGD-H","LU2237443622.USD":"Aberdeen Standard SICAV I - Global Dynamic Dividend A Acc USD","BK4532":"文艺复兴科技持仓","LU1267930227.SGD":"TEMPLETON GLOBAL BALANCED \"AS\" (SGD) ACC A","LU2237443978.SGD":"Aberdeen Standard SICAV I - Global Dynamic Dividend A Acc SGD-H","BK4585":"ETF&股票定投概念","LU0310799852.SGD":"FTIF - Templeton Global Equity Income A MDIS SGD","LU0128525689.USD":"TEMPLETON GLOBAL BALANCED \"A\"(USD) ACC","BK4533":"AQR资本管理(全球第二大对冲基金)"},"translate_title":"瑞银分析师因Q2业绩令人失望而下调星巴克目标价","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"USB":1,"TGT":1,"SBUX":1},"content_text":"UBS's Dennis Geiger lowered their price target on Starbucks (NASDAQ: SBUX) by 10.5% from $95 to $85 on May 1, 2024. The analyst maintained their Hold rating on the stock. Geiger's decision to revise the price target came in response to Starbucks' second-quarter results, which were released on April 30, 2024. The company reported earnings per share (EPS) of $0.68, missing the Zacks Consensus Estimate of $0.79 and falling 8.1% below the EPS of the same quarter in the previous year. Revenue for the quarter stood at $8.56 billion, also below expectations. The analyst noted that the results were affected by \"depressed\" worldwide same-store sales and declines in margin and profitability.Geiger emphasized that the lack of clarity regarding when sales in the US and China will begin to improve, coupled with the ongoing influence of market conditions on transactions, could further impact the stock. While management highlighted strategic initiatives to support an improved revenue trajectory, Geiger's concerns over the uncertainties surrounding future sales growth and market conditions led to the decision to lower the price target.Geiger was not the only analyst to revise their rating and price target for Starbucks following the second-quarter results. Citigroup's Jon Tower lowered their price target by 10.5% from $95 to $85 and maintained their Hold rating on the stock. Wedbush's Nick Setyan also reduced their price target by 12% from $92 to $81, while Stifel Nicolaus's Chris O'Cull lowered their price target by 11.1% from $90 to $80. All three analysts maintained their Hold ratings on the stock.The consensus among analysts is that Starbucks' upcoming year will deliver earnings per share (EPS) of $3.96, representing an 8.4% increase on a year-over-year basis. However, it is important to note that these forecasts are subject to change based on various factors and market conditions.Currently, 43.8% of top-rated analysts rate SBUX as a Strong Buy or Buy, while 56.3% see it as a Hold. No analysts recommend or strongly recommend selling the stock.Since the release of Starbucks' second-quarter results on April 30, 2024, the stock price has experienced a decline of 15.9%. Year-over-year, the stock is down 35%, underperforming the broader market as the S&P 500 has decreased by 20.4% during the same period.Dennis Geiger, the UBS analyst who lowered the price target on Starbucks, is ranked in the top 9% of Wall Street analysts by WallStreetZen. Geiger specializes in the Communication Services and Consumer Cyclical sectors and has an average return of 18.9% with a 77.4% win rate.Starbucks Corporation, headquartered in Seattle, Washington, operates as a roaster, marketer, and retailer of specialty coffee worldwide. The company operates through three segments: North America, International, and Channel Development. Starbucks stores offer a range of coffee and tea beverages, roasted whole beans and ground coffees, single-serve products, and ready-to-drink beverages. The company also licenses its trademarks through licensed stores, grocery, and foodservice accounts. As of October 3, 2021, Starbucks operated approximately 16,826 company-operated and licensed stores in North America and 17,007 company-operated and licensed stores internationally.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2432603728"}