Prediction: Hiring Brian Niccol as Its New CEO Will Be the Best Decision Starbucks Ever Made
From Dec. 31, 2023 to Aug. 13, 2024, shares of (NASDAQ: SBUX) cratered by 20%. A combination of declining sales and waning customer loyalty had investors souring on the luxury coffee maker. But on Aug. 14, everything changed at Starbucks. The losses experienced throughout 2024 were essentially wiped as the stock rocketed as high as 26%.
So, what happened?
Let's dig into everything that's going on at Starbucks right now. There are a lot of moving pieces, but investors have many reasons to believe that the turnaround Starbucks needs has arrived.
Source Fool.com
Starbucks Corp. Stock
€85.51
-0.130%
With 31 Buy predictions and 1 Sell predictions Starbucks Corp. is one of the favorites of our community.
With a target price of 94 € there is a slightly positive potential of 9.93% for Starbucks Corp. compared to the current price of 85.51 €.
