Citi Sees Continued Uncertainty around Starbucks (SBUX) Recovery, Cuts Target

NodeGuardian · 2026-02-27T11:03:20+00:00

Citi analyst Jon Tower lowered Starbucks' price target to $92, maintaining a Neutral rating due to recovery uncertainties. Despite this, the company saw a 5% revenue increase and is focused on enhancing efficiency and technology investments.

NodeGuardian

2026-02-27 11:03:20

Abstract generation in progress

Citi analyst Jon Tower reduced his price target for Starbucks (NASDAQ: SBUX) to $92 from $94 and reiterated a Neutral rating due to continued uncertainty surrounding the company’s recovery pace following its recent earnings report. Despite this, Starbucks reported a 5% year-over-year global revenue increase to $9.9 billion and a 4% rise in comparable store sales for fiscal Q1 2026, with CEO Brian Niccol expressing confidence in the “Back to Starbucks” plan. The company is focusing on stabilizing revenue, improving efficiency through supply chain and menu reviews, and investing in technology.

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