Starbucks (SBUX.US) gains support from Morgan Stanley ahead of earnings: Current valuation does not fully reflect profit rebound. Key factors for fiscal year 2027 include operating leverage and profit margin expansion.

```htmlAccording to Golden Ten Data, Starbucks (SBUX.US) will announce its fourth quarter financial report for fiscal year 2026 on October 29. In a recent research report, Morgan Stanley believes that Starbucks' Q4 revenue performance in the US market remains strong and maintains its forecast of a 7% same-store sales growth. The bank has raised its forecasts for Starbucks' Q4 and fiscal years 2026-2028 earnings per share (EPS), noting that operating leverage and profit margin upside will be key to fiscal year 2027's performance. The stock has become more attractive after a recent pullback, although there is still market analysis surrounding it. The bank maintains its "Overweight" rating for Starbucks ahead of the earnings report, with a target price of $115. This target price represents an approximately 23% upside from the Wednesday closing price of $93.25.```