1 Growth Stock Down 20% to Buy Right Now
There aren't many stocks available at compelling discounts right now. That's all thanks to a roaring stock market rally that has pushed indexes to new highs. The S 500 is up 22% in the last 12 months, in fact, and many growth stocks have rallied by much more.
(NASDAQ: SBUX) is not one of them. The coffee giant's shares are down 21% since mid-April 2023. That's by far the worst performance among its fast-food peers, including McDonald's and Dutch Bros. There are some good reasons for the stock's weakness, but the issues plaguing the company are short-term in nature.
Let's look at why Starbucks is such a great long-term buy for savvy investors right now.
Source Fool.com
Starbucks Corp. Stock
€68.20
0.980%
The stock is an absolute favorite of our community with 23 Buy predictions and no Sell predictions.
As a result the target price of 98 € shows a positive potential of 43.7% compared to the current price of 68.2 € for Starbucks Corp..
