Is It Too Late to Buy Starbucks Stock?
Is (NASDAQ: SBUX) making a comeback? The industry leader has been dealing with one problem after another, and it's on its fourth CEO in four years.
However, the market is loving the installment of the new CEO, Brian Niccol, who started this week. Can he change Starbucks and send it soaring, or are Starbucks' best days over?
Starbucks is far and away the largest coffee shop chain in the world, and it's one of the largest restaurant chains as well. It has nearly 39,500 global stores, with more than 18,000 located in North America, and it continues to open new stores at a rapid clip. It opened 526 net new stores in the 2024 fiscal third quarter (ended June 30), and it sees plenty of further expansion opportunities.
Source Fool.com
Starbucks Corp. Stock
€88.81
-0.270%
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 6.97% for Starbucks Corp. compared to the current price of 88.81 €.
