Starbucks shares currently trade above their historical multiples, according to TD Cowen's assessment. The analysts have modeled mid-term EPS approximately 10% below the consensus, suggesting a more cautious outlook on the company's financial performance in the coming years. The new price target of $90.00 represents TD Cowen's adjusted expectation for the stock's value, taking into account the various risks and challenges that may impact Starbucks' future earnings and market position. In other recent news, Starbucks Corporation has been actively engaging in strategic initiatives and facing operational challenges. The company reported net revenue of approximately $740 million in China for the quarter ending in March, amidst growing competition from local coffee chains. Starbucks has initiated a process to explore options for its China operations, including a potential stake sale, as part of its efforts to revamp its presence in the crucial market.