Seaport Global's Neutral initiation with no price target from a below-average-accuracy firm is a non-event for traders. The bullish consensus, upward EPS revisions, and 16% implied upside to the mean target are more relevant signals. Ignore this initiation and focus on the broader bullish consensus and positive estimate momentum.
Price Chart
Executive Summary
Seaport Global initiated coverage on SBUX at Neutral with no price target on September 16, 2026. The firm has a 51% accuracy rate on 239 calls and an average return of 1.5%, placing it below the top-tier firms covering SBUX. Consensus on SBUX is heavily tilted bullish: 22 Buy/Strong Buy (71%), 20 Hold, 4 Sell/Strong Sell (13%). The mean price target of $112.23 implies 16.2% upside from the current $96.58. The 30-day analyst momentum shows 1 upgrade and 0 downgrades, with EPS revisions up 18 times in the last 7 days for the current quarter. Insider trades show three sales by EVP Brady Brewer totaling ~$703K over the past three months, a weak bearish signal. Institutional activity is mixed: Manufacturers Life trimmed 63.6%, while Prime Capital added 42.1%. Short interest is elevated at 58.1% of float, signaling bearish positioning. The Neutral initiation from a below-average-accuracy firm is a low-conviction, consensus-aligned call with no price target, offering limited actionable insight.
Impact Score
Consensus & Targets
The consensus on SBUX is 22 Buy/Strong Buy (71% of 46 analysts), 20 Hold, and 4 Sell/Strong Sell (13%). The consensus is clearly bullish, with the majority of analysts recommending buying the stock. Seaport Global's Neutral stance is in line with the 20 Hold ratings but below the bullish consensus.
The mean price target is $112.23, median $112.00, high $143.00, low $81.00. At $96.58, SBUX trades 13.9% below the mean target, implying 16.2% upside. Seaport Global did not provide a price target, so its view cannot be directly compared to the consensus range.
Recent Analyst Activity
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| 2026-09-16 | Seaport Global | initiate | Neutral | — |
| 2026-07-31 | BTIG | reiterate | Buy | $115.00 |
| 2026-07-30 | UBS | maintain | Neutral | $112.00 |
| 2026-07-30 | Citigroup | maintain | Neutral | $112.00 |
| 2026-07-30 | BNP Paribas | maintain | Underperform | $92.00 |
| 2026-07-30 | RBC Capital | maintain | Sector Perform | $115.00 |
| 2026-07-30 | DA Davidson | maintain | Neutral | $110.00 |
| 2026-07-30 | Evercore ISI Group | maintain | Outperform | $120.00 |
| 2026-07-30 | Wells Fargo | maintain | Overweight | $125.00 |
| 2026-07-30 | Morgan Stanley | maintain | Overweight | $115.00 |
In the last 30 days, there has been 1 upgrade and 0 downgrades on SBUX. EPS revisions are trending higher: 18 upward revisions in the last 7 days for the current quarter (0q) and 28 upward revisions for the current fiscal year (0y), with no downward revisions. Estimates are being revised higher, supporting a bullish fundamental outlook.
Firm Track Record — Seaport Global
Seaport Global accuracy: 51% on 239 calls | avg return: 1.5%
Industry benchmark: mean 51% ± 11%. Top tier: ≥61% (mean + 1σ). Based on 15 firms with ≥5 scored calls.
| Firm | Accuracy | Calls | Avg Return | vs Average |
|---|---|---|---|---|
| BTIG | 100% | 4/4 | 9.1% | top tier |
| Jefferies | 80% | 4/5 | -2.6% | top tier |
| Piper Sandler | 75% | 3/4 | 2.6% | top tier |
| Wedbush | 75% | 6/8 | 6.9% | top tier |
| TD Cowen | 74% | 14/19 | 6.6% | top tier |
| Citigroup | 69% | 9/13 | 5% | top tier |
| Stifel | 67% | 6/9 | 0.1% | top tier |
| UBS | 67% | 4/6 | -0.5% | top tier |
| B of A Securities | 60% | 3/5 | 3.6% | above average |
| BMO Capital | 60% | 3/5 | 4.2% | above average |
Seaport Global has a 51% accuracy rate on 239 calls with an average return of 1.5%. This is below the top-tier firms covering SBUX: BTIG (100% on 4 calls, avg return 9.1%), Jefferies (80% on 5 calls, avg return -2.6%), and TD Cowen (74% on 19 calls, avg return 6.6%). The best performing firm is BTIG (100% accuracy, 9.1% avg return), while the worst is Oppenheimer (50% on 2 calls, avg return -1.5%).
Earnings Estimates
| Period | EPS Est. | EPS Range | Revenue | Revisions (7d) |
|---|---|---|---|---|
| 0q | $0.70 | $0.56 — $0.76 | $9.2B | ↑18 ↓0 |
| +1q | $0.76 | $0.67 — $0.81 | $9.6B | ↑8 ↓0 |
| 0y | $2.59 | $2.32 — $2.69 | $38.0B | ↑28 ↓0 |
| +1y | $3.12 | $2.95 — $3.44 | $38.6B | ↑1 ↓0 |
Cross-Platform Signals
Insider trades show three sales by EVP Brady Brewer totaling ~$703K over the past three months (July-September 2026). These are routine sales by a non-C-suite executive and are weak bearish signals per academic literature. Institutional activity is mixed: Manufacturers Life trimmed 63.6% and VAN ECK near-exited (97.1% trim), while Prime Capital added 42.1%. Short interest is elevated at 58.1% of float, indicating significant bearish positioning. The insider sales and high short interest diverge from the bullish consensus, but the insider signal is weak.
Investment Themes
Documents Analyzed
Report based on filing metadata.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 16, 2026 16d ago | ANALYST-UPGRADE | $97.34 $94.14 | ▼ −3.29% | ▼ −5.85% | $95.11 (−2.30%) |
Jun 23, 2026 14w ago | Court Ruling | $101.05 $104.06 | ▲ +2.98% | ▲ +1.97% | $95.11 (−5.88%) |
Jun 14, 2026 15w ago | Institutional Cluster | $101.59 $100.15 | ▼ −1.42% | ▼ −0.03% | $95.11 (−6.38%) |
Jun 12, 2026 15w ago | 8-K | $101.59 $100.15 | ▼ −1.42% | ▼ −0.03% | $95.11 (−6.38%) |
Jun 11, 2026 16w ago | Institutional Cluster | $102.28 $99.82 | ▼ −2.41% | ▼ −2.84% | $95.11 (−7.02%) |
May 26, 2026 18w ago | Court Ruling | $101.35 $96.51 | ▼ −4.77% | ▼ −5.86% | $95.11 (−6.16%) |
May 20, 2026 19w ago | 8-K | $104.11 $99.12 | ▼ −4.79% | ▼ −6.64% | $95.11 (−8.65%) |
May 18, 2026 19w ago | Court Ruling | $106.60 $101.42 | ▼ −4.86% | ▼ −6.48% | $95.11 (−10.78%) |
May 15, 2026 20w ago | 8-K | $106.76 $103.10 | ▲ +3.43% | ▲ +4.39% | $95.11 (+10.91%) |
May 14, 2026 20w ago | ANALYST-UPGRADE | $106.38 $104.11 | ▼ −2.13% | ▼ −1.42% | $95.11 (−10.60%) |
US Market Status
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