Starbucks Stock Just Plunged Following Its Fiscal Q2 Earnings. Time to Buy the Dip?
Shares of (NASDAQ: SBUX) plunged nearly 16% following a lackluster fiscal second-quarter earnings report. The stock is now down about 35% over the past year.
Let's look at why Starbucks stock fell, what its turnaround plans are, and whether now is a good time to buy the stock.
With the U.S. and China representing over 60% of Starbucks global locations, these two markets are the most important for the coffeehouse operator. Unfortunately for the company, both markets saw considerable weakness during the quarter.
Source Fool.com
Starbucks Corp. Stock
€72.51
0.100%
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 42.05% compared to the current price of 72.51 € for Starbucks Corp..
