10:38 AM EDT, 04/04/2025 (MT Newswires) -- Starbucks' ( SBUX ) same store sales may improve in the quarters ahead albeit with "less powerful upside than required to turn bullish," Oppenheimer said in a Thursday note.

Oppenheimer analysts said they are staying on the sidelines on the stock even after recent pullback.

"We lack visibility into catalysts for multiple expansion to 30x+ and will stick with our Perform rating until we can identify

a more attractive fundamental setup," they said.

The analysts forecast fiscal 2026 EPS estimate of $3.52, below market consensus of $3.64.

"We're skeptical of the margin expansion built-in," they said.

Price: 82.97, Change: -5.30, Percent Change: -6.00