• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster

2

Meet a 71-year-old who retired as a radiologist and professor, and now runs a banana-skewer business: ‘I never want to retire. Why would you do that?’

3

China suffers another setback in effort to de-dollarize global finance as anchor in the greenback's dominance quietly exits Beijing's payment scheme

1

Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster

2

Meet a 71-year-old who retired as a radiologist and professor, and now runs a banana-skewer business: ‘I never want to retire. Why would you do that?’

3

China suffers another setback in effort to de-dollarize global finance as anchor in the greenback's dominance quietly exits Beijing's payment scheme

Pumpkin Spice Latte Could Give Starbucks Stock a Jolt, Analysts Say

By
Don Reisinger
Don Reisinger
Down Arrow Button Icon
By
Don Reisinger
Don Reisinger
Down Arrow Button Icon
August 22, 2018, 12:27 PM ET
Google source logo
Add Fortune on Google for similar content.

The Pumpkin Spice Latte is making a comeback at Starbucks next week. And when it does, it could give the company’s stock price a much-needed boost, according to analysts.

CNBC’s Jim Cramer and Real Money colleague Tim Collins said on Tuesday in a CNBC report that the popularity of Starbucks’ Pumpkin Spice Latte could give the company’s stock a “shot in the arm.” The analysts reasoned that Starbucks “was the original pumpkin spice pioneers,” a status that ostensibly makes for a strong showing at retail.

Starbucks shares are trading at $53.02. Starbucks stock has been on the rise in the last two months, but still far from its 52-week high of $61.94.

While the Pumpkin Spice Latte might bring more people into its locations, coffee prices might boost its earnings. According to Collins, coffee prices are trending down, reducing Starbucks’ costs and improving its margins. That, coupled with an expected increase in sales from the Pumpkin Spice Latte, could make for strong earnings in the next quarter.

Still, Cramer cautioned that the Pumpkin Spice Latte isn’t a silver bullet. He noted that the seasonal drink’s debut in years past hasn’t always translated to a jump in the stock price. Other factors, including the slumping stock price and his belief that investors are still overselling the stock, could translate to an increase this time around.

Collins believes Starbucks shares will hit $57 “in the near future” and potentially reach the $60 mark by Thanksgiving, according to CNBC.

About the Author
By Don Reisinger
See full bioRight Arrow Button Icon

Latest in


Most Popular

Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • TikTok icon
  • YouTube icon

    Latest in


    Most Popular

    © 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
    FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.