US Top News and Analysis | We're raising our price target on Starbucks after a robust beat-and-raise quarter AI generated summary, Read the full article for complete information. Starbucks topped Wall Street estimates for the quarter ended March 29, posting revenue of $9.53 billion (up 8.8% YoY) and adjusted earnings of $0.50 per share versus the expected $0.43, while annual adjusted EPS rose 22% and comparable store sales jumped 6.2%—well above the 4% consensus. The strong results, the first earnings beat in five quarters, reflected the momentum of CEO Brian Niccol’s turnaround plan, with U.S. comps accelerating to 7.1%, transaction growth hitting a three‑year high, and the Rewards program reaching a record 35.6 million active members. Internationally, all ten major markets posted positive comps, and the company announced a joint venture in China to de‑risk growth there. Management raised its FY 2026 outlook, targeting global and U.S. comparable‑store growth of at least 5% and adjusted EPS of $2.25‑$2.45, and lifted the price target to $115 from $100 while maintaining a wait‑for‑pullback buying stance. Read more: https://www.cnbc.com/2026/04/28/were-raising-our-price-target-on-starbucks-after-its-robust-quarter.html #Starbucks #BoyuCapital #BrianNiccol #NorthAmerica #China