Is Starbucks in your basket?
Is $Starbucks(SBUX)$ in your basket?
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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 $112.00
I reckon that Starbucks is one of the most widely recognized restaurant brands in the world, operating more than 38,000 stores across more than 80 countries as of the end of fiscal 2023.
Why is Starbucks stock so low?
SBUX's stock declines can be attributed to investors' concern about a sharp decline in same-store sales and a significant miss on earnings per share and net revenue expectations in last Q2.
Is Starbucks stock overvalued or undervalued?
Undervalued
If my dear friend read this post, I hope you had your answer and gear up with great harvesting.[Wow] [Victory] [Bless]
@TigerObserver @TigerPM @Tiger_comments @MillionaireTiger @Daily_Discussion @Tiger_Academy @TigerEvents
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$Starbucks(SBUX)$ is worth a look especially of the market is due for a cyclical spiral down.
Was told by a coffee expert. If you want to look at coffee price, look at the normal nonnfancy brew from Starbucks.
My last search it is at low for a very good price.
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Excellent earnings, fantastic company unfairly beaten down by the market. Time to buy at this low price.
Buying before it goes to $90
Lot of shorts here. Hedges will try to steal ur shares. This will break 80.00 today.
20 pe for a declining business. Even ceo admitted they haven't figured out current climate
I'm holding but not buying any more. Too woke...