Is It Too Late to Buy Starbucks Stock?
Many investors worry that they might have missed the biggest gains in (NASDAQ: SBUX) stock. That's not due to any recent price spike, of course. The coffee titan's shares sat out of the 2023 stock market rally and are down over the past full year. But the business is clearly past its big expansion phases now that Starbucks operates nearly 40,000 locations around the world.
Don't assume this stock is done producing strong shareholder returns, though. Let's look at a few reasons why it's not too late to make Starbucks a key part of your growth-focused portfolio.
Owning Starbucks doesn't mean you have to settle for sluggish revenue growth. Comparable-store sales were up 5% in the most recent quarter, matching the gains that investors recently saw in Dutch Bros, which is much earlier on in its growth story.
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 43.7% for Starbucks Corp. compared to the current price of 68.2 €.
