"We see 14% upside to our $95, 12-month target versus an average upside of 3% for our coverage universe," analysts said.
"As the least expensive QSR on a PEG basis and with potential upside to F1Q comp trends, we view this as an attractive entry point for the long-term story. SBUX is uniquely positioned for long-term growth as arguably the only restaurant that can address a growing preference for 'real food' options with the ubiquity and convenience associated with a QSR," analysts added.
Shares of Starbucks are up 0.87% to $84.30 in pre-market trading.
Separately, TheStreet Ratings team rates STARBUCKS CORP as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:
"We rate STARBUCKS CORP (SBUX) a BUY. This is driven by several positive factors, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth, compelling growth in net income, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company shows weak operating cash flow."