Best Stock to Buy Right Now: Dutch Bros vs. Starbucks
In the retail coffee industry, there are two different stories going on this year. Investors are excited about Dutch Bros (NYSE: BROS), whose shares are up 35% in 2024 (as of July 8). Then there's the industry heavyweight that is (NASDAQ: SBUX). Its stock has been a huge disappointment for investors, falling 22% so far this year.
The two stocks are seemingly going in opposite directions at the moment. That has investors asking if this is a sign of things to come. It also raises the question: Which of these coffee stocks is the better one to buy right now?
Dutch Bros is an up-and-comer in the industry. It operates retail coffee shops primarily in the Western and Southern parts of the U.S. As of March 31, there were 876 total locations.
Source Fool.com
Starbucks Corp. Stock
The stock is one of the favorites of our community with 31 Buy predictions and 1 Sell predictions.
As a result the target price of 94 € shows a slightly positive potential of 9.32% compared to the current price of 85.99 € for Starbucks Corp..
