Is Starbucks' Stock in Trouble?
Shares of Starbucks (NASDAQ: SBUX) can't seem to get out of a rut. The stock is sinking, and while it hits new lows, investors remain hesitant on investing in the business despite its strong brand.
Inflation has made its high-priced coffee look even more expensive, and it has given consumers an easy way to reduce their spending by switching to cheaper, competing brands. Meanwhile, labor issues have resulted in its costs rising higher, putting the business on a questionable path forward. The company's recent quarterly results also didn't inspire much confidence that the company is going in the right direction.
Is Starbucks' stock in trouble? Is it heading for more of a decline? Or could this be a terrific buying opportunity for investors?
Source Fool.com
Starbucks Corp. Stock
The stock is an absolute favorite of our community with 25 Buy predictions and no Sell predictions.
As a result the target price of 92 € shows a positive potential of 28.67% compared to the current price of 71.5 € for Starbucks Corp..
