With Shares Down 42%, Is Now the Time to Buy This Restaurant Stock?
It's been a tough past three years for Starbucks (NASDAQ: SBUX) shareholders. The stock is down 42% from its mid-2021 peak and knocking on the door of new multi-year lows. Another round of disappointing quarterly results could easily drag shares back to prices last seen at the onset of the COVID-19 pandemic.
Veteran investors know the time to step into quality stocks is when they're "on sale." And there's certainly no denying that Starbucks stock is deeply discounted here. Just because a stock's cheap, however, doesn't inherently make it worth owning.
Here's what you need to know about Starbucks' foreseeable future, and whether or not it's a buy at this time.
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..
