Here's My Top Growth Stock to Buy Now
Investing should be about identifying the best companies, buying their stocks, and holding them for the very long term. The key component in that equation is to identify the best companies. It's difficult to choose only one as there are so many publicly traded companies with great businesses.
That said, based on its long track record of success, global brand power, and streak of ever-improving quarterly results, (NASDAQ: SBUX) is at the top of my list of growth stocks to buy. Let's dig into the recently reported fourth-quarter 2023 results to see why I've singled Starbucks out as my top stock right now.
Prior to the pandemic, Starbucks had pretty steady year-over-year revenue growth. Quarter after quarter, investors could come to expect high-single-digit or low-double-digit revenue growth pretty consistently. That all changed during the pandemic as Starbucks locations all over the world closed for varying lengths of time. These closings and eventual reopenings made revenue growth choppy for a few years.
Source Fool.com
Starbucks Corp. Stock
The stock is an absolute favorite of our community with 31 Buy predictions and no Sell predictions.
As a result the target price of 94 € shows a slightly positive potential of 9.48% compared to the current price of 85.86 € for Starbucks Corp..
