Key Highlights

● Starbucks closed at $97.52 on October 16, trading below the analyst target.

● The consensus 12-month price target is $110.97, implying about 13.8% upside.

● Analysts are split 14 Buy, 19 Hold, and 2 Sell on the stock.

● Targets range from $82 to $143 across 35 analysts.

Starbucks Corporation (NASDAQ:SBUX) closed at $97.52 on October 16, 2026 and is a constituent of the S&P 500. According to market data, the consensus 12-month price target from 35 analysts is $110.97, which implies potential upside of about 13.8% from the latest close. The company is in the news after it said it was not buying Chipotle, ending takeover speculation, and ahead of its fiscal fourth-quarter results on October 29, 2026. Analyst targets are forecasts, not guarantees.

What Is the Latest Analyst Price Target?

The mean analyst target is $110.97, with a median of $111 and a range from $82 to $143. At the latest close of $97.52, the consensus target suggests upside of about 13.8%, while the highest target implies 46.6% and the lowest implies -15.9%. The figures reflect data as of October 15, 2026 and may differ from other providers, which use different analyst samples and update schedules. The consensus rating of Buy sits alongside 19 Hold ratings out of 35, so opinion is split. Targets run from $82 to $143.

What Are Analysts Saying?

The rating split is 14 Buy (12 Strong Buy, 2 Buy), 19 Hold, 2 Sell (1 Sell, 1 Strong Sell), giving a consensus rating of Buy. Recent actions reported include the following: Morgan Stanley (Brian Harbour) maintained Buy with a $115 target on October 15, 2026; Bernstein (Danilo Gargiulo) maintained Buy at $110 on 14 October; UBS (Dennis Geiger) kept Hold and cut from $112 to $105 on 8 October; RBC Capital (Logan Reich) maintained Hold at $115 on 5 October; and J.P. Morgan (John Ivankoe) kept Buy but cut from $112 to $105 on 29 September. Individual notes may differ in timing from other sources.

What Could Help the Stock Reach the Price Target?

If the turnaround in customer traffic and margins that analysts are looking for materialises, earnings could recover from the depressed level seen in fiscal 2025, when earnings fell about 50.6% to $1.86 billion on revenue of $37.18 billion. Clarity on the Chipotle question may also remove a distraction. If the consensus proves accurate, delivery against these drivers would be needed to close the gap between the share price and the average target.

What Could Prevent the Stock Reaching the Target?

Trailing twelve-month EPS of $1.74 was down 24.6%, showing the recovery is not yet established. Consumer spending, cost inflation and execution of the turnaround are all uncertainties, and several brokers have recently cut targets. Because targets are opinions about the next twelve months, they can be revised quickly as conditions change.

What Should Investors Watch Next?

Starbucks will release fiscal fourth-quarter and full-year 2026 results after the market close on October 29, 2026. Investors may watch comparable-sales trends, margins and fiscal 2027 guidance.

The Setup Favors Patience

The consensus target of $110.97 suggests 13.8% upside from $97.52, but it is an aggregate of individual forecasts that rely on assumptions about earnings, valuation and the wider market.