Starbucks Shows Confidence in Growth Prospects, Deutsche Bank Says

02:35 PM EST, 11/05/2026 (MT Newswires) -- Starbucks (SBUX) can deliver durable growth and improve margins, Deutsche Bank said in a Thursday report after hosting investor meetings with the company. "Our meetings reinforce our confidence in SBUX's ability to deliver sustainably positive SSS and meaningful margin unlock as the company transitions from turnaround to growth," it said. The note pointed among others to its plans to prioritize platform innovation to drive demand across seasons and dayparts, with opportunities across beverages, food, and merchandise. Starbucks expects fiscal 2027 operating margin of 13.5% to 14.0%, and continues to see opportunity to return to some 17% operating margins long-term, the report said. North America unit closures should now be in the rearview as focus shifts to remodels and pipeline building, it added. Deutsche Bank kept its buy rating and a price target of $126. Price: 106.62, Change: -3.08, Percent Change: -2.81