Starbucks Stock: Buy, Sell, or Hold?
After years of dismal financial results in China, coffee giant (NASDAQ: SBUX) is regaining momentum in that important market, and that could be a good reason to buy the stock today.
Of course, much more goes into the investment thesis for Starbucks. However, I don't believe that investors should downplay just how important China will be to the long-term success of this investment, which is why I want to highlight it here.
On Aug. 1, Starbucks reported financial results for its fiscal 2023 third quarter, and they were strong across the business. But the results from China were particularly head-turning: Same-store sales there surged a whopping 46% year over year.
Source Fool.com
Starbucks Corp. Stock
€85.43
-0.200%
With 33 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 10.03% for Starbucks Corp. compared to the current price of 85.43 €.
