#5 - Starbucks (NASDAQ:SBUX)
Starbucks (NASDAQ:SBUX) has been in the news for many reasons, and a lot of them would not be conducive to share price growth. The company is on the hunt for a new CEO; some of its stores have voted to unionize, and inflation is making the cost of our daily coffee fix rise.
However, at this time the company has been able to successfully pass those costs along to its consumer base. The big question for the rest of 2022 is if that trend will continue. And investors will get their first clue when the company reports earnings in early May. Despite the continued threat of competition, Starbucks is showing no sign of slowing its expansion.
Starbucks recently announced that it had hired Deb Hall Lefevre as Chief Technology Officer. Lefevre formerly worked for McDonald’s. Nike is undoubtedly hoping Lefevre can bring some of that insight into transforming Starbucks’ mobile order-and-pay systems.
About Starbucks
Starbucks Corporation, together with its subsidiaries, operates as a roaster, marketer, and retailer of coffee worldwide. The company operates through three segments: North America, International, and Channel Development. Its stores offer coffee and tea beverages, roasted whole beans and ground coffees, single serve products, and ready-to-drink beverages; and various food products, such as pastries, breakfast sandwiches, and lunch items.
Read More - Current Price
- $93.08
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 18 Buy Ratings, 8 Hold Ratings, 3 Sell Ratings.
- Consensus Price Target
- $103.77 (11.5% Upside)
