Goldman Sachs Raises Starbucks (SBUX) PT to $95, Turnaround Strategy Gains Clarity

Starbucks Corporation (NASDAQ:SBUX) is one of the best stocks to buy for beginners now. On June 12, Goldman Sachs analysts, led by Christine Cho, adjusted the price target for Starbucks from $85 to $95, while keeping a Neutral rating on the shares. Goldman Sachs is encouraged by the increased clarity regarding Starbucks’ turnaround strategy, particularly the faster-than-expected rollout of the Green Apron service model in its US stores.

The company’s CEO, Brian Niccol, emphasized the company’s progress in its ‘Back to Starbucks’ turnaround plan and cited smoother store operations, deeper customer engagement, and a long-term setup in China, where comparable sales were flat. However, Christine Cho prefers to stay on the sidelines and believes that it will take time for these initiatives to translate into profit growth.

A barista pouring freshly brewed coffee from an espresso machine to a cup in a bustling cafe.

The adjustment followed Starbucks’ Q2 2025 comparable sales fell short of expectations. Global comparable sales dropped 1%, with North American sales down 1% and US units down 2%, partially offset by higher average tickets. Despite traffic challenges, the company added 213 stores and brought its global total to 40,789.

Starbucks Corporation (NASDAQ:SBUX) is a roaster, marketer, and retailer of coffee worldwide. The company operates through 3 segments: North America, International, and Channel Development.

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Disclosure: None. This article is originally published at Insider Monkey.