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Analyst Lowers Rating To Market Perform

Starbucks Rating Cut by William Blair

Analyst Lowers Rating to 'Market Perform'

William Blair analyst Sharon Zackfia has downgraded Starbucks to a 'Market Perform' rating from 'Outperform'. The analyst now expects the coffee company to earn $1.08 per share for the quarter, up from their prior estimate of $1.06.

Consensus Estimate Remains at $3.54 per Share

Despite the downgrade, the consensus estimate for Starbucks' current full-year earnings remains at $3.54 per share. This suggests that other analysts are not as pessimistic about Starbucks' prospects as Zackfia.

Cautious Optimism from William Blair

William Blair's Market Perform rating reflects cautious optimism about Starbucks' outlook. The analyst believes that Starbucks is a well-run company with a strong brand, but they are concerned about the competitive landscape and the potential for international headwinds to impact the company's growth.

Reiterated 'Market Perform' Rating

William Blair's downgrade is not the first time the firm has expressed caution about Starbucks. In May 2024, the firm lowered its rating on Starbucks to 'Market Perform' from 'Outperform'.

News Article Conclusion

William Blair's downgrade of Starbucks is a sign of caution from the investment community. While the analyst believes that Starbucks is a well-run company with a strong brand, they are concerned about the competitive landscape and the potential for international headwinds to impact the company's growth. Investors should keep this in mind when making investment decisions about Starbucks.


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