1 Growth Stock Down 20% to Buy Right Now
There aren't many stocks available at compelling discounts right now. That's all thanks to a roaring stock market rally that has pushed indexes to new highs. The S 500 is up 22% in the last 12 months, in fact, and many growth stocks have rallied by much more.
(NASDAQ: SBUX) is not one of them. The coffee giant's shares are down 21% since mid-April 2023. That's by far the worst performance among its fast-food peers, including McDonald's and Dutch Bros. There are some good reasons for the stock's weakness, but the issues plaguing the company are short-term in nature.
Let's look at why Starbucks is such a great long-term buy for savvy investors right now.
Source Fool.com
Starbucks Corp. Stock
Starbucks Corp. is currently one of the favorites of our community with 18 Buy predictions and no Sell predictions.
As a result the target price of 104 € shows a very positive potential of 53.26% compared to the current price of 67.86 € for Starbucks Corp..