Is Starbucks Stock Going Back to $100? 1 Wall Street Analyst Thinks So.
Sat, May 4, 2024 12:27 PM

Is Starbucks Stock Going Back to $100? 1 Wall Street Analyst Thinks So.

A Flip by Avya Verma
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Starbucks (NASDAQ: SBUX) stock kind of stinks this week. Investors reacted to the company's Tuesday earnings report (sales down 2%, and profits down 14% year over year) with a 16% sell-off Wednesday, and Starbucks stock hasn't bounced back yet -- but it might. On Wednesday, BTIG analyst Peter Saleh made the argument that Starbucks stock, which costs about $75 today, will return to $100 in year.

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