Starbucks (SBUX) – Research Analysts’ Weekly Ratings Updates

A number of firms have modified their ratings and price targets on shares of Starbucks (NASDAQ: SBUX) recently:

• 5/15/2026 – Starbucks was upgraded by Zacks Research from “hold” to “strong-buy”.
• 5/14/2026 – Starbucks was downgraded by Scotiabank from “market perform” to “underperform”.
• 5/14/2026 – Starbucks was downgraded by BTIG Research from “buy” to “neutral”.
• 5/14/2026 – Starbucks is now covered by Jefferies Financial Group Inc.. They set a “buy” rating on the stock.
• 5/14/2026 – Starbucks is now covered by BNP Paribas Exane. They set an “underperform” rating on the stock.
• 5/14/2026 – Starbucks was downgraded by Royal Bank Of Canada from “sector perform” to “positive”.
• 5/14/2026 – Starbucks was downgraded by The Goldman Sachs Group, Inc. from “neutral” to “neutral”.
• 5/14/2026 – Starbucks is now covered by Stephens. They set an “overweight” rating on the stock.
• 5/14/2026 – Starbucks was downgraded by UBS Group AG from “neutral” to “neutral”.
• 5/14/2026 – Starbucks is now covered by Wedbush. They set an “outperform” rating on the stock.
• 5/14/2026 – Starbucks was upgraded by Morgan Stanley from “overweight” to “overweight”.
• 5/14/2026 – Starbucks was upgraded by TD Cowen from “hold” to “buy”. They now have a $120.00 price target on the stock, up from $106.00.
• 5/6/2026 – Starbucks was given a new $117.00 price target by Stifel Nicolaus. They now have a “buy” rating on the stock.
• 4/29/2026 – Starbucks had its “buy” rating reaffirmed by Deutsche Bank Aktiengesellschaft.
• 4/29/2026 – Starbucks had its “overweight” rating reaffirmed by Piper Sandler. They now have a $110.00 price target on the stock.
• 4/29/2026 – Starbucks had its “sector perform” rating reaffirmed by Royal Bank Of Canada. They now have a $110.00 price target on the stock, up from $105.00.
• 4/29/2026 – Starbucks had its “neutral” rating reaffirmed by Guggenheim. They now have a $97.00 price target on the stock, up from $95.00.
• 4/29/2026 – Starbucks had its “neutral” rating reaffirmed by UBS Group AG. They now have a $105.00 price target on the stock, up from $100.00.
• 4/29/2026 – Starbucks had its “overweight” rating reaffirmed by Wells Fargo & Company. They now have a $115.00 price target on the stock, up from $110.00.
• 4/29/2026 – Starbucks had its “hold” rating reaffirmed by TD Cowen. They now have a $106.00 price target on the stock, up from $96.00.
• 4/29/2026 – Starbucks had its price target raised by BNP Paribas Exane from $84.00 to $87.00. They now have an “underperform” rating on the stock.
• 4/29/2026 – Starbucks had its price target raised by Evercore Inc from $110.00 to $115.00. They now have an “outperform” rating on the stock.
• 4/29/2026 – Starbucks had its price target raised by Morgan Stanley from $105.00 to $110.00. They now have an “overweight” rating on the stock.
• 4/29/2026 – Starbucks had its price target raised by Citigroup Inc. from $99.00 to $101.00. They now have a “neutral” rating on the stock.
• 4/29/2026 – Starbucks had its price target raised by DA Davidson from $97.00 to $102.00. They now have a “neutral” rating on the stock.
• 4/29/2026 – Starbucks had its price target raised by BTIG Research from $105.00 to $115.00. They now have a “buy” rating on the stock.
• 4/29/2026 – Starbucks had its price target raised by Robert W. Baird from $112.00 to $117.00. They now have an “outperform” rating on the stock.
• 4/28/2026 – Starbucks was upgraded by Jefferies Financial Group Inc. from “underperform” to “hold”.
• 4/24/2026 – Starbucks had its price target raised by JPMorgan Chase & Co. from $95.00 to $100.00. They now have an “overweight” rating on the stock.
• 4/22/2026 – Starbucks had its “hold (c)” rating reaffirmed by Weiss Ratings.
• 4/22/2026 – Starbucks had its “neutral” rating reaffirmed by DA Davidson. They now have a $97.00 price target on the stock.
• 4/21/2026 – Starbucks had its price target raised by Stifel Nicolaus from $105.00 to $115.00. They now have a “buy” rating on the stock.
• 4/15/2026 – Starbucks is now covered by Tigress Financial. They set a “buy” rating and a $122.00 price target on the stock.
• 4/14/2026 – Starbucks had its “neutral” rating reaffirmed by Citigroup Inc.. They now have a $99.00 price target on the stock, up from $92.00.
• 4/13/2026 – Starbucks was upgraded by Jefferies Financial Group Inc. from “underperform” to “hold”. They now have a $92.00 price target on the stock, up from $86.00.
• 3/30/2026 – Starbucks was upgraded by BNP Paribas Exane to “strong sell”.
• 3/30/2026 – Starbucks is now covered by Citizens Jmp. They set an “underperform” rating and a $84.00 price target on the stock.

Starbucks Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 29th. Shareholders of record on Friday, May 15th will be given a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date is Friday, May 15th. Starbucks’s payout ratio is currently 187.88%.

Insider Activity

In related news, EVP Sara Kelly sold 2,500 shares of the company’s stock in a transaction that occurred on Thursday, March 5th. The shares were sold at an average price of $97.12, for a total transaction of $242,800.00. Following the completion of the transaction, the executive vice president directly owned 59,609 shares in the company, valued at $5,789,226.08. This represents a 4.03% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Brady Brewer sold 2,229 shares of the stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $104.81, for a total transaction of $233,621.49. Following the completion of the transaction, the chief executive officer directly owned 81,559 shares of the company’s stock, valued at approximately $8,548,198.79. The trade was a 2.66% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 11,187 shares of company stock valued at $1,111,085. Insiders own 0.03% of the company’s stock.

Starbucks Corporation is a global coffeehouse chain and roaster that operates, licenses and franchises coffee shops and related retail businesses. Founded in Seattle, Washington in 1971 by Jerry Baldwin, Zev Siegl and Gordon Bowker, the company grew from a single store focused on whole-bean coffee and equipment into a broad consumer-facing brand. Howard Schultz, who joined the company later and served in senior leadership roles, is widely credited with transforming Starbucks into a mass-market specialty coffee retailer and expanding its footprint internationally.

Starbucks’ core activities center on the retail sale of hot and cold specialty beverages, whole-bean and packaged coffees, teas and ready-to-drink products, along with complementary food items and merchandise such as mugs and brewing equipment.