3 Things the Smartest Investors Know About Starbucks Stock
(NASDAQ: SBUX) needs no introduction. The massive coffeehouse chain is well known among consumers and investors for selling high-priced and in-demand beverages around the globe. The business hit a rough patch during the pandemic, but it's recovering nicely as the economic picture normalizes.
As of this writing, shares are 21% off their all-time high, although they're up 30% in the past 12 months. They now trade at a price-to-earnings ratio of 31.7, which is a slight discount to its trailing one-year average. This might be a compelling opportunity for some investors.
But before you decide to caffeinate your portfolio with Starbucks, it's critical to gain a better understanding of the business. Here are three important things the smartest investors know about this top restaurant stock.
Source Fool.com
Starbucks Corp. Stock
With 23 Buy predictions and not a single Sell prediction Starbucks Corp. is an absolute favorite of our community.
With a target price of 98 € there is a positive potential of 43.4% for Starbucks Corp. compared to the current price of 68.34 €.
