From Nasdaq:

Starbucks Corp will report its first-quarter earnings on Jan. 30 after market hours, with analysts updating their investment stance. The company’s stock is down over 10% in the past year, with inflationary pressures existing for most of 2023 possibly to blame.

Technical indicators for Starbucks stock are mixed, with the 50-day SMA approaching the 200-day SMA and the on-balance volume indicator trending downward since mid-November. Piper Sandler analyst Brian Mullan gave the stock a Neutral rating and decreased the price target to $100 a share.

Mullan expressed concerns about U.S. consumer trends and Starbucks’ China business, leading to a Neutral recommendation with an updated price target suggesting 8% upside. He cited positive risk-reward dynamics and relative value but reservations about absolute upside potential. Starbucks stock traded at $93.42 Friday, up 0.080%.



Read more: Why Starbucks ‘Sentiment Seems Poor’ Ahead Of Q1 Earnings