SBUX Stock Has Rallied Nearly 28% This Year: Why Baird Still Sees 15% Upside For Starbucks?
Baird initiated coverage on Starbucks with an Outperform rating and a $124 target. Baird’s new price target implies a 15% upside to Starbucks stock’s last closing price. The firm expects uneven restaurant sales as consumer pressures persist but sees Starbucks benefiting from solid execution and demand. Starbucks’ rally reflects progress under CEO Brian Niccol’s “Back … Read more