1 Growth Stock Down 66% to Buy Right Now
There's nothing inherently wrong with paying a premium for a quality investment. If you can step into a compelling stock prospect at a lower price, though, why wouldn't you?
With that as the backdrop, risk-tolerant investors looking for a bargain-priced growth name may want to scoop up some shares of coffee outfit Dutch Bros (NYSE: BROS) while they're still down 66% from their late-2021 peak. Its expansion plans are percolating, which could make its stock piping hot in the coming year.
It's not exactly a household name ... at least not yet. The company operates only around 800 drive-thru coffee stands, mostly along the West Coast and in the Southwestern United States. For perspective, (NASDAQ: SBUX) boasts more than 36,000 stores worldwide, with more than 16,000 located in the United States alone. If Dutch Bros is going to make a dent in a market dominated by Starbucks, it will need to do and be something distinctly different.
Source Fool.com
Starbucks Corp. Stock
Starbucks Corp. is currently one of the favorites of our community with 19 Buy predictions and no Sell predictions.
As a result the target price of 103 € shows a positive potential of 37.81% compared to the current price of 74.74 € for Starbucks Corp..
