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Utente Old Style
Buy Starbucks Stock. The Coffee Giant’s Worst Problems Are Behind It.
Shares of coffee purveyor Starbucks have dropped 36% in 2022, but as Howard Schultz returns as CEO, the worst of the company’s problems may be behind it.
www.barrons.com
If Starbucks can hit those numbers, the stock could be, if not a bargain, at least quite compelling at current valuations. It trades at just over 22 times 12-month forward earnings, near its lowest level since 2020 and below its five-year average of 27.3 times. Closing that gap to 25 times 2024 earnings would put the stock at $98, up 30% from Thursday’s close of $75.20. “It’s pretty cheap compared with where it’s traded historically,” says Credit Suisse analyst Lauren Silberman, who calls 25 a “fair” valuation and has an Outperform rating and a $103 price target on the stock.
SBUX e' in portafoglio ad un'avg di $79.00, il mio dividend yield e' attualmente del 2.48%: