Here's the Next Stock I'm Going to Buy
Without any understanding of its stock performance, one might think that (NASDAQ: SBUX) is doing great as an investment. Lines at many Starbucks drive-thrus are consistently backed up, and there's a decent chance that anyone you meet who's holding a coffee, or any other drink, is holding one from Starbucks.
Investment decisions shouldn't be made based solely on anecdotal evidence, but my observations of Starbucks as a customer make me think that the company is in a better position than the stock performance would indicate. Considering the challenges faced during the pandemic, it's not a total surprise that Starbucks stock has trailed the performance of the S 500 over the past three years. But I think those challenges are largely in the past. This has put Starbucks at the top of my buy list.
Starbucks reported its second-quarter 2023 results in early May. The company reported year-over-year revenue growth of 14%. That was a result that made many investors happy, as it was the first time Starbucks had posted double-digit revenue growth since Q2 2022. It also returned the company to what I would call "normal" revenue growth. Over the past 10 years, Starbucks has averaged quarterly year-over-year revenue growth of 10%.
Source Fool.com
Starbucks Corp. Stock
Currently there is a rather positive sentiment for Starbucks Corp. with 41 Buy predictions and 6 Sell predictions.
With a target price of 95 € there is a slightly positive potential of 3.62% for Starbucks Corp. compared to the current price of 91.68 €.
