Starbucks stock gains new Stifel catalyst as Buy rating resumes

Stifel has resumed coverage of Starbucks with a Buy rating and a 115 US dollar price target, adding a new analyst perspective to the coffee chain's fiscal 2027 recovery story. Investing.com reported the call on November 9 and said analyst Matthew Smith based the target on a 21-times enterprise-value-to-EBITDA multiple applied to fiscal 2027 forecasts.

Starbucks stock traded at 98.30 euros on Lang & Schwarz at 17:03 CET on Wednesday, November 11, 2026, 0.70 percent above the Xetra close of Tuesday, November 10, at 97.62 euros. The quote was 1.44 percent above the 96.90-euro Lang & Schwarz price in the latest English report published on November 10 at 16:14 CET, a separate comparison from the Xetra day move.

Stifel sees earnings leverage

Smith expects comparable-sales momentum and wider margins to support another year of double-digit EBITDA growth. Investing.com said the analyst views the recovery as increasingly self-funding as sales leverage and cost savings help offset investments in labor and the coffeehouse experience.

For fiscal 2027, Stifel projects 4 percent global comparable-sales growth and earnings per share of 3.19 US dollars. The estimate is within Starbucks' management guidance of 3.15 to 3.25 US dollars, while the analyst model assumes 1.4 percent transaction growth and a 2.6 percent contribution from higher ticket size.

The analyst also highlighted technology upgrades, afternoon menu innovation and roughly 2,000 North American store remodels. The detailed assessment is available in the Investing.com report.

Investors will now focus on whether traffic, pricing and margin execution can convert the improved operating trend into the earnings growth anticipated by Stifel.

The broader US equity backdrop remains relevant for Starbucks stock, with the S&P 500 serving as the main market reference.

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