Starbucks Stock Is $20 Undervalued, According to 1 Wall Street Analyst
Starbucks (NASDAQ: SBUX) stock is in kind of a funk. The world's most famous coffee chain reported a 2% decline in quarterly revenue on Tuesday, and a 14% slide in profits. Starbucks stock promptly plummeted from more than $88 to less than $75 a share.
But there's good news, too. Thanks to Starbucks stock getting so much cheaper last week, investment bank Barclays says there's now much more profit potential in the stock. In fact, he thinks Starbucks shares will rise as high as $95 over the next 12 months -- up $20 from today.
Make no mistake: Starbucks' numbers were bad. Barclays called them even worse than "the worst case scenario" in a note on TheFly.com Wednesday. Beyond the Q2 earnings miss, Starbucks told investors that instead of growing earnings 15% to 20% this year (as it previously promised), it now thinks earnings will rise only in the "low single digits," or might even be "flat" against 2023.
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 95 € shows a positive potential of 36.65% compared to the current price of 69.52 € for Starbucks Corp..
