RBC keeps Hold on Starbucks stock as profit reaches USD 1.05 billion

Published on 10/07/2026 at 14:32 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Third-quarter revenue fell 1.40 percent to USD 9.32 billion. Starbucks stock costs EUR 86.23 on October 7, 2026 after EUR 85.36, plus 1.02 percent.

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Starbucks Corporation (ISIN US8552441094) was trading at EUR 86.23 at Lang & Schwarz on October 7, 2026 at 2:30 p.m. CEST, while its latest quarter produced USD 1.05 billion in net profit. Markets Insider reported that Logan Reich from RBC Capital maintained a Hold rating and a USD 115.00 price target on October 5, 2026. The contrast is clear: profitability improved sharply, while reported revenue remained under pressure.

RBC keeps a cautious rating

RBC Capital's USD 115.00 target stands above the latest Lang & Schwarz price, but the analyst kept the Hold rating rather than upgrading the stock. The report also cited Starbucks' latest quarter, which ended June 28, 2026, as the basis for its financial comparison.

According to Markets Insider, quarterly revenue was USD 9.32 billion versus USD 9.46 billion a year earlier, while net profit rose from USD 558.3 million to USD 1.05 billion. That combination points to a business improving its earnings mix faster than its top line.

Store growth is being reset

EarningsStory reported that Starbucks cut full-year fiscal 2026 net new coffeehouse opening guidance from 600 to 650 locations to 440 locations. The same report put operating income at USD 980.4 million, up 4.80 percent from USD 935.6 million in the prior-year quarter.

The operating data make the turnaround more nuanced than a simple sales recovery story. Starbucks is redirecting capital toward existing stores, so investors will need to weigh the 1.40 percent revenue decline against the 4.80 percent operating-income increase and the 87.20 percent rise in net profit.

Yahoo Finance reported that Starbucks is scheduled to report its next quarterly earnings on October 28, 2026. That date gives the market a near-term test of whether stronger profitability can be accompanied by renewed sales momentum.

Starbucks stock holds above its prior close

Starbucks stock was trading at EUR 86.23 at Lang & Schwarz on October 7, 2026 at 2:30 p.m. CEST, up 1.02 percent versus the prior close of EUR 85.36 on October 6, 2026. The finance quote for SBUX showed a USD 109.6 billion market capitalization, with a USD 77.99 to USD 110.51 52-week range as of October 6, 2026. MarketBeat identifies Starbucks as a NASDAQ-listed restaurant company and reports a 2.58 percent dividend yield. The further course of trading is shown by the continuously updated real-time quote of Starbucks stock.