Where Will Starbucks Stock Be in 3 Years?
' (NASDAQ: SBUX) shareholders are hoping that a double shot of caffeine can boost the company's prospects. Investors aren't happy with the latest challenges. Shares have been a huge disappointment, down 20% in the past five years and off 39% from their July 2021 peak.
Maybe Starbucks can turn things around and produce solid returns going forward. Where will this top restaurant stock be in three years?
Starbucks just provided a financial update for its fiscal 2024 third quarter (ended June 30), and the results weren't encouraging. Revenue of $9.1 billion represented a 1% year-over-year decline. This was driven by 2% and 7% same-store sales dips, respectively, in the U.S. and internationally. The company's main challenge has been declining foot traffic at its locations, which is something no restaurant chain wants to see.
Source Fool.com
Starbucks Corp. Stock
The stock is an absolute favorite of our community with 32 Buy predictions and no Sell predictions.
As a result the target price of 94 € shows a slightly positive potential of 9.29% compared to the current price of 86.01 € for Starbucks Corp..
