Starbucks (SBUX) shares closed slightly down as the company reported weak comparable sales in Q3. Earnings of $0.50 a share missed estimates by 23%. Despite a recovery under new CEO Brian Niccol, stock remains 20% below its high. Revenue rose 4% to $9.5 billion, exceeding expectations, signaling progress ahead of schedule.

Investors should consider buying the dip in SBUX shares as the company’s turnaround is advancing ahead of schedule. A 4% year-over-year revenue increase beat expectations. A rebound in China business shows promise for stock price. The company’s launch of “Green Apron Service” also boosts its appeal to investors.

Wells Fargo analysts maintain an “Overweight” rating on Starbucks shares, citing promising new management initiatives. The firm expects stock gains as Starbucks launches new app, refreshes “Rewards” program, and unveils new drinks in fiscal 2026. Wells Fargo has a $105 price target, implying a 14% upside potential.

While some analysts are bullish, others remain cautious on Starbucks stock. The consensus rating is “Moderate Buy” with a mean target of $93, in line with current trading price. Investors should weigh all perspectives before making investment decisions.

Read more at Yahoo Finance: Should You Buy the Post-Earnings Dip in Starbucks Stock?