75 Million Reasons to Like Starbucks Stock
' (NASDAQ: SBUX) latest financial results, for the third quarter that ended July 2, were impressive in that they showed that same-store sales jumped 7% in the U.S. and 46% in China. Earnings per share also exceeded Wall Street estimates.
These figures were certainly encouraging for shareholders, especially for a business that was severely challenged by the pandemic. But I have my eyes on one other metric that Starbucks just announced, which I believe demonstrates the true strength of the company.
Here's what investors need to know about this top coffee stock.
Source Fool.com
Starbucks Corp. Stock
€70.20
0.590%
Starbucks Corp. is currently one of the favorites of our community with 17 Buy predictions and no Sell predictions.
As a result the target price of 103 € shows a positive potential of 46.72% compared to the current price of 70.2 € for Starbucks Corp..
