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Starbucks shares jumped in extended trading Thursday after at least one analyst raised the company's price target, calling the latest quarterly results a home run.
CEO Brian Niccol's turnaround of the chain is gathering momentum, by the analyst's account. The analyst's case The note, written in first person plural, announces a price target increase on Starbucks.
The source summary does not specify the new target figure, the prior figure, or the spread between them. A full numerical reconciliation of the revision is not possible from the source as disclosed.
"Home run" is the analyst's own framing. In sell-side conventions, that language signals a result that cleared expectations by a visible margin.
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