Starbucks Is at a Crossroads. Is Now the Time to Buy the Stock?
(NASDAQ: SBUX) stock soundly outperformed the market for most of its lifetime, but it has struggled to meet the moment since the pandemic started. It has cycled through three CEOs over the past few years, including the return of leader Howard Schultz. But so far, it remains in limbo, with middling results and no clear path forward.
This can mean one of two things for investors. Starbucks stock is in the dumps right now, down 21% this year while the S 500 is up 12%, and it could be an excellent time to buy a winning stock on the dip. Alternatively, Starbucks could be at a dangerous inflection point that won't necessarily end well. How should investors play this?
I won't bore you with too many numbers, but the short story is that sales were about flat in the 2024 fiscal third quarter (ended June 30), earnings per share were 6% lower than last year, and operating margin was thinner.
Source Fool.com
Starbucks Corp. Stock
With 25 Buy predictions and not a single Sell prediction Starbucks Corp. is an absolute favorite of our community.
With a target price of 92 € there is a positive potential of 31.05% for Starbucks Corp. compared to the current price of 70.2 €.
