Starbucks stock price forecast: $108.00 resistance in focus as SBUX jumps 3.28%

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Starbucks jumps 3.28% to $105.88 today

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Dmytro Kharkov

29.04.2026

Starbucks stock price forecast: $108.00 resistance in focus as SBUX jumps 3.28% — Starbucks jumps 3.28% to $105.88 today

Starbucks Corporation (SBUX) is trading at $105.88 after a 3.28% move higher today, standing well above its key moving averages. The price action confirms strong upward momentum relative to recent average levels.

SBUX price prediction

24H -0.52%

$93.63

48H -1.21%

$92.98

7D -2.39%

$91.87

1M -0.42%

$93.72

3M 1.55%

$95.58

6M -5.33%

$89.1

12M 23.81%

$116.53

Detailed

Current price: $ 94.12 -1.7700 1.85%

Closed 06/04

Daily range 93.83

97.25

Weekly range 95.21

100.23

Highlights

Starbucks beat earnings and revenue expectations for Q2 2026, reporting 8% sales growth and 6.2% global same-store sales increase.
Management raised full-year guidance for same-store sales and adjusted EPS, citing a record 35.6 million Starbucks Rewards members and robust North America growth.
SBUX trades in a strong bullish trend with high upward momentum, expected to remain between $102.50 and $108.00 in the near term, though overbought signals suggest potential short-term profit-taking.

Guidance raised and rewards membership soars as SBUX delivers strong quarter

Starbucks raised its annual forecast after reporting second-quarter fiscal 2026 results that included an 8% year-over-year revenue increase to $9.53 billion, with global same-store sales growing 6.2% and GAAP EPS of $0.45, surpassing estimates. Operating margin expanded to 9.4%, while North America same-store sales advanced 7.1%, exceeding expectations. The company also announced a new record of 35.6 million Starbucks Rewards members and lifted guidance for same-store sales and adjusted EPS in fiscal 2026.

Buy signals intensify as price exceeds resistance and overbought levels

SBUX is trading well above the SMA-20 at $96.93, SMA-50 at $96.36, and SMA-200 at $89.95. The Ichimoku Kijun on the daily chart is at $94.81 and now provides immediate support. MACD indicates continued upward momentum, while the ADX on the daily timeframe points to a weak underlying trend. RSI and CCI are both in the buy and overbought zones, with Stoch RSI at maximum overbought levels. BBP reflects strong buyer dominance in intraday action, but the Awesome Oscillator is neutral.

Consolidation likely as breakout risks rise amid elevated volatility

Over the next five sessions, SBUX is expected to trade between $102.50 and $108.00, forming a volatility band relative to current levels. There is a very high likelihood of the price moving higher, while a significant drop is unlikely. The baseline scenario is for SBUX to consolidate sideways within this elevated range. A bullish breakout above $108.00 would target further gains if momentum persists, while a move below $102.50 could trigger a deeper pullback on profit-taking.

Viktoras Karapetjanc, analyst at Traders Union, sees Starbucks’ strong revenue growth and robust rewards membership as confirmation of solid consumer demand. He believes the company’s updated forecasts and outperformance reinforce positive sentiment and healthy fundamentals. Technicals align with this momentum, as SBUX holds above key moving averages with little risk of a near-term drop. "Starbucks looks well-positioned for further gains, and I expect the stock to remain strong as fundamentals and sentiment keep supporting the price," says Karapetjanc.

Earlier, analysts noted that Starbucks was experiencing persistent bearish momentum despite support from long-term company initiatives. The latest earnings-driven rally signals a decisive shift to bullish sentiment, and traders should monitor the strength of consolidation above recent moving averages as the next catalyst for sustained upside.

Source of Data: SBUX Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.