Starbucks Plunges 4.8% on Baird Downgrade

On April 7, 2025, Starbucks' stock experienced a significant drop of 4.8% in pre-market trading, indicating a notable shift in investor sentiment towards the coffee giant.

Starbucks' stock rating was recently downgraded by Baird, with the price target slashed to $85. This move reflects a more cautious outlook on the company's future performance, potentially driven by concerns over market competition or internal challenges.

This downgrade comes at a time when Starbucks is facing various external and internal pressures, including changing consumer preferences and operational adjustments. The company's ability to navigate these challenges will be crucial in determining its stock performance in the coming months.