Cramer predicts a breakout for Starbucks shares as CEO Niccol’s turnaround accelerates

Starbucks ‘ turnaround is moving from promise to proof. That was Jim Cramer’s takeaway Thursday after interviewing Starbucks CEO Brian Niccol Thursday, a day after the coffee giant delivered another strong quarter and raised its fiscal 2026 outlook. In response, we raised our price target to $120 a share from $115. The quarter looked like “the inflection,” Jim said Thursday on CNBC, which should help the stock “say goodbye to this $100 [level] and take it to a much higher level.” Shares rose more than 3% on Thursday, to about $107 apiece. Year to date, Starbucks is up about 26%….