This Dividend Stock Is Down 37%: Is It Ready to Skyrocket?
While many investors want the stocks that they own to soar in price over time, there are some market participants who appreciate the passive income that their holdings throw off on a consistent basis. (NASDAQ: SBUX) might catch the attention of these folks.
The world's leading coffee enterprise has paid a steadily rising dividend since 2010. The current yield sits at a healthy 2.9%. The only issue is that this stock is down 37% from its peak price, which was hit in July 2021.
Might Starbucks shares be ready to skyrocket again?
Source Fool.com
Starbucks Corp. Stock
€70.30
-3.400%
With 23 Buy predictions and not a single Sell prediction Starbucks Corp. is an absolute favorite of our community.
With a target price of 98 € there is a positive potential of 39.4% for Starbucks Corp. compared to the current price of 70.3 €.
