Is Starbucks in your basket?

Is $Starbucks(SBUX)$ in your basket?

[[Smart]  Disclaimer: The information provided is for educational purposes only and does not constitute financial or investment advice. Always consult with a qualified financial advisor before making any investment decisions. The risks and returns of investing can vary, and past performance is not indicative of future results.[Observation]  ]

I love Starbucks beverages ☕️🍵and brekkie🥧. Probably, when I work, I had Starbucks brekkie most of the time as it conveniently located near my home and workplace. Grab-To-Go🥤🌯.

Last week, while I was having my summer holiday🏖🏝 in Thailand🇨🇷. I was looking through couple of stocks📈📉📊. Then, a friend asked me, Starbucks to grab at $74.40. [I posed back the question and pending for the reply. I presume my friend got the answer]

While sitting and chilling at Starbucks, I done my dd and read couple of sites, as of August 1, 2024, ValueInvesting.io estimates the fair value of Starbucks Corp $Starbucks(SBUX)$ to be $91.77, based on Peter Lynch's Fair Value formula. This is 17.7% higher than the current market price of $77.95.

Other sources have different fair value estimates for SBUX stock:

• Estimates a fair value of $96, and expects little change to this estimate

• Has an average price target of $89.80, with a high price target of $112.00 

I reckon that Starbucks is one of the most widely recognized restaurant brands in the world, operating more than 38,000 stores across more than 80 countries as of the end of fiscal 2023. 

Why is Starbucks stock so low?

SBUX's stock declines can be attributed to investors' concern about a sharp decline in same-store sales and a significant miss on earnings per share and net revenue expectations in last Q2.

Is Starbucks stock overvalued or undervalued?

Undervalued

If my dear friend read this post, I hope you had your answer and gear up with great harvesting.[Wow]  [Victory]  [Bless]  

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