Starbucks' (SBUX) same store sales may improve in the quarters ahead albeit with "less powerful upside than required to turn bullish," Oppenheimer said in a Thursday note.
Oppenheimer analysts said they are staying on the sidelines on the stock even after recent pullback.
"We lack visibility into catalysts for multiple expansion to 30x+ and will stick with our Perform rating until we can identify
a more attractive fundamental setup," they said.
The analysts forecast fiscal 2026 EPS estimate of $3.52, below market consensus of $3.64.
"We're skeptical of the margin expansion built-in," they said.
Price: 82.97, Change: -5.30, Percent Change: -6.00
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。