Starbucks gets a fresh bull case

Starbucks just got a little more espresso in its veins

BTIG came out swinging on Starbucks, hiking its price target from $105 to $115 while keeping a Buy rating intact. That’s not exactly a parade down Main Street, but it is a pretty loud vote of confidence for a stock that’s been stuck in turnaround mode like a phone on 2% battery.

Why you should care

When analysts raise targets on a name like Starbucks, they’re basically saying the market may be underestimating how much the brand can still squeeze out of its global coffee empire. If same-store trends, pricing power, and the turnaround story keep improving, the stock could have more room to grind higher.

The bigger analyst buffet

This article was really a sampler platter of analyst moves, not just a Starbucks solo act. Other names on the board got their own little Wall Street makeovers:

• Qiagen got an upgrade to Outperform
• Crane got a Buy upgrade and a higher target
• Centene got a big target boost and an upgrade to Buy
• Robinhood got a target cut, because nobody gets a perfect report card

Big picture

For Starbucks investors, the takeaway is simple: the bull camp is still willing to pay up for the comeback story. And when analysts start nudging targets higher, it can help keep sentiment warm even before the business itself does the heavy lifting.