Is Starbucks Stock a Buy Near Its 52-Week Low?
Stock markets are setting records, but (NASDAQ: SBUX) shareholders aren't benefiting from that rally. The coffee titan's stock is trading near its 52-week low of $89 per share even though the S 500 has surged 30% higher in the past year. As a result, investors can buy the coffee specialist at an unusually low valuation.
But Starbucks might not be a steal at these prices given the weakening demand trends in its core U.S. market. Let's take a look at whether you should put a venti-size position of this stock in your portfolio today.
The coffee chain's late-January earnings report left investors wanting more. Sure, comparable-store sales jumped 5% across its global sales footprint. And that boost was powered by a healthy mix between rising customer traffic (up 3%) and higher average spending (up 2%).
Source Fool.com
Starbucks Corp. Stock
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..
