Starbucks soars after its investor day. Here’s what Wall Street analysts had to say

Starbucks’ new financial goals for fiscal 2023 to 2025 “were almost shockingly good,” BTIG analysts said. Analyst Jeffrey Bernstein maintained his equivalent of a buy rating on Starbucks and raised his price target to $100 per share. JPMorgan analyst John Ivankoe said Starbucks’ updated plans in China proved to be the most surprising — and “most aggressive” — part of the investor day presentation. Starbucks shares soared more than 5% to around $92.50 Wednesday, much better than the market’s relatively flat day.

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