Starbucks can rally 22% from here despite China restrictions, JPMorgan says

A customer exits a Starbucks in Buffalo, New York, U.S., December 7, 2021.
Lindsay DeDario | Reuters

There's big upside for Starbucks shares going forward, even as recent restrictions in China put a damper on the coffee chain's global sales, JPMorgan said.

More In Street Calls

CNBC ProHere are Friday's biggest analyst calls of the day: Apple, FedEx, Coinbase, Honeywell, Micron & more
CNBC ProEnergy stocks are the best bet in the market right now, says JPMorgan
CNBC ProBank of America downgrades Micron, says recovery is 'unlikely' this year