This Stock Has Turned $10,000 Into $3 Million Since Its IPO. Is There Still Room to Run?
Having been around since 1971, (NASDAQ: SBUX) is one of the most widely recognized brands in the world. And that's because it has dominated its industry, essentially creating a new category and trend of consumers buying premium prepared coffee products and not making them at home.
Naturally, the company's success has been a boon for investors. Since its initial public offering (IPO) in 1992, Starbucks has produced a monster all-time return of 30,600%, beating the S 500 and Nasdaq Composite by insanely wide margins. If dividends were reinvested, the return would be a whopping 38,400%. This means that a $10,000 investment at Starbucks' IPO would be worth more than $3 million today.
But what does the future hold? Is there still room to run for this top coffee stock?
Source Fool.com
Starbucks Corp. Stock
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 43.09% for Starbucks Corp. compared to the current price of 68.49 €.
