Starbucks' Stock Just Plunged. Is Now the Time to Invest?
(NASDAQ: SBUX) is a premium brand that has become ingrained in many people's daily routine. But the company's recent quarter showed that even the best consumer companies can go through a difficult time. In fact, Starbucks' recent results were downright dreadful.
Still, the 50-year-old brand has been through tough times before and has always eventually re-emerged stronger. Will history repeat itself, and is now an opportunity for investors? Or is the recent quarter a sign of more-lasting headwinds?
The March quarter revealed some worrying numbers. Revenue actually fell 2%, and adjusted earnings per share fell 8%, or 7% in constant currency.
Source Fool.com
Starbucks Corp. Stock
€68.20
0.980%
The stock is an absolute favorite of our community with 23 Buy predictions and no Sell predictions.
As a result the target price of 98 € shows a positive potential of 43.7% compared to the current price of 68.2 € for Starbucks Corp..
