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Chipotle jumps on Starbucks takeover talks; PepsiCo beats Q3 estimates but flags beverage concerns.

Market News
08 Oct 2026
Seeking Alpha
View Source
Bullish
Chipotle jumps on Starbucks takeover talks; PepsiCo beats Q3 estimates but flags beverage concerns.

Chipotle Mexican Grill shares rose after reports that Starbucks explored a takeover, though no formal offer or deal certainty is confirmed. Meanwhile, PepsiCo beat Q3 earnings estimates but expressed concerns about its North American beverage business and plans to cut costs to boost growth. Goldman Sachs upgraded Palantir to Buy with a $230 target, and JPMorgan highlighted strong AI-driven demand supporting software stocks like Microsoft and Snowflake. Chick-fil-A rejected AI-driven drive-thru orders, emphasizing human hospitality. UBS also spotlighted undervalued growth stocks with strong fundamentals.

As of Oct 08, 2026 23:41 WIB, Chipotle Mexican Grill shares are up 6.79% at USD 32.86 on Pluang, reflecting strong investor interest despite the takeover speculation. Starbucks shares, meanwhile, are down 4.50% at USD 89.37, with all Pluang orders currently on the buy side. PepsiCo also shows positive momentum, rising 1.19% to USD 125.11, with a high buy order activity of 98%.

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