Starbucks stock forecast incorporates ESG-focused investors, as the company’s sustainability initiatives could attract incremental passive investment flows. The Eurozone Aug unemployment rate unexpectedly rose by +0.1 to 6.3%, showing a weaker labor market than expectations of no change at 6.2%. Starbucks stock surged following a rating upgrade to Buy with a new $115 price target. Analyst David Tarantino is impressed by SBUXâs turnaround strategy and new leadership. Starbucks stock forecast could see upside if China same-store sales recover faster; latest channel checks suggest 8% y/y growth possible in 2H 2024 despite macro headwinds.
