Jefferies has upgraded Starbucks Corp (NASDAQ:SBUX, XETRA:SRB) to Hold from Underperform, saying improving visibility in its US turnaround and reduced international exposure following structural changes in China support a more balanced outlook, even as valuation concerns persist. The revised view reflects what Jefferies describes as a “stabilizing US business” and a clearer path to execution under CEO Brian Niccol, though it continues to see the shares trading at a premium it considers difficult to justify.
Starbucks (NASDAQ:SBUX | SBUX Price Prediction) stock is moving higher Monday morning after Jefferies upgraded the shares to Hold from Underperform, lifting its price target to $92 from $86.
In the early hours of April 13, Starbucks (NASDAQ: SBUX) stock received a quaint rating and price target upgrade.
In the latest trading session, Starbucks (SBUX) closed at $97.22, marking a +2.11% move from the previous day.
Starbucks (NASDAQ:SBUX | SBUX Price Prediction) and Dutch Bros (NYSE:BROS) both just reported quarters telling sharply different stories about where coffee growth lives right now.
SBUX bets big on China with a Boyu JV, shifting to a licensed model to scale toward 20,000 stores while leveraging local expertise and reducing risk.
SBUX trims menu by 25% to boost speed, efficiency and margins, betting a simpler lineup can sustain growth without sacrificing innovation.
Starbucks on Thursday rolled out a bonus and tipping program for its employees, and announced a deal that hands off a big slice of its store business in China to an investment firm.
Starbucks is now offering its baristas more financial incentives—changing to a weekly pay schedule, giving customers more ways to tip and offering baristas up to $1,200 in annual bonuses for meeting performance, sales and customer service goals, the company announced Thursday.
Starbucks baristas and shift supervisors could earn quarterly bonuses of $300 if their stores meet certain targets. The coffee chain is in the middle of a turnaround focused on improving both the customer and employee experience.
Starbucks is changing its compensation structure for staff, switching everyone to weekly paychecks. The company is also rolling out a new performance-based bonus program for baristas at top stores.
Coffee giant seeks to reward baristas for service, sales goals in chain turnaround.