Where Will Starbucks Stock Be in 3 Years?
(NASDAQ: SBUX) might be the most recognizable coffee chain on the planet. It's certainly the largest, and it's on its way to becoming the largest restaurant chain in the world. But what happens at that point? Investors look for growth. There's more to come at Starbucks, but is it close to saturation? What would that mean for investors? And where can you expect the coffee megachain to be three years from now? Let's see.
As Starbucks has expanded to become a global force in coffee, it's dealing with problems ranging from rising food costs to pandemic closures to unionizing employees. As well-oiled as its model is, there are regional issues that crop up in a company that's reaching a worldwide audience.
Starbucks' problems started acutely with the onset of the pandemic, but it unveiled cracks in its system. Customers aren't looking for a place to hang out as they were before, but instead, they want quick coffee they can order digitally. The world changed, and Starbucks needed to change, too.
Source Fool.com
Starbucks Corp. Stock
With 19 Buy predictions and not the single Sell prediction the community is currently very high on Starbucks Corp..
With a target price of 103 € there is a positive potential of 44.14% for Starbucks Corp. compared to the current price of 71.46 €.
