Starbucks Stock: Buy, Sell, or Hold?
Starbucks (NASDAQ: SBUX) is one of the most recognized brands in the world. Its steady growth has taken it to nearly 39,000 locations worldwide, and its store additions in China have helped fuel its continuous expansion.
These increases have made it a mature company with a powerful global brand, and its saturation in some markets makes more rapid growth more difficult to achieve. This should concern investors, who have more reasons to question whether the coffee stock can beat the market over time.
Despite Starbucks' longtime presence, its industry has tremendous room for growth. According to Grand View Research, the specialty coffee market is expected to grow at a compound annual rate of 11% through 2030.
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 €.
