But Deutsche kept its $89 price target, which suggests the stock could gain just 0.6%, as of Tuesday's close.
Starbucks stock hasn't logged a positive year since 2021.
Bank of America's Sara Senatore maintained her buy rating and $108 price target, which implies roughly 22% potential upside — a fairly bullish aim compared with other firms.
Underpinning Senatore's stance is her expectation that Starbucks' earnings growth will reaccelerate in 2025, fueled by traffic-driving initiatives, such as more menu innovation and operational improvements.
JPMorgan analyst John Ivankoe kept his overweight rating but moved his price target lower to $92 from $100.
Persons:
William Blair, Sharon Zackfia, Zackfia, Lauren Silberman, Deutsche, Wells, Bank of America's Sara Senatore, Laxman Narasimhan, John Ivankoe
Organizations:
Starbucks, Deutsche Bank, JPMorgan, UBS, Bank of America, Bank of America's
Locations:
Tuesday's, U.S, China, Wells Fargo, Israel