Starbucks is getting a caffeine boost after analysts at Oppenheimer named the stock as an “actionable buy idea” and raised their price target to $101.
"Starbucks has done a great job embracing the drive-thru, curbside pickup technology, limiting that human contact in stores, and that loyalty program is really boosting their sales," Gordon told CNBC's "Pointing to the charts, Gordon also sees Oppenheimer's price target call as very realistic for the stock.
Starbucks shares have already gained 20% over the past three months. A move to $101 implies another 14% rally. Starbucks is essentially flat on the year, but has climbed 77% since the March lows. Morganlander also credits the comeback to how the company has navigated the pandemic.
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