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Jan 29, 2024 11:10 PM

Starbucks to 98 Plus After Earnings !! Long

Starbucks CorporationNASDAQ

Description

Financial Performance: In 2023, Starbucks’s revenue was $35.98 billion, an increase of 11.55% compared to the previous year’s $32.25 billion. Earnings were $4.12 billion, an increase of 25.69%2.

Analyst Forecast: According to 21 analysts, the average rating for SBUX stock is “Buy.” The 12-month stock price forecast is $114.35, which is an increase of 23.22% from the latest price2.

Dividend Yield: Starbucks has a dividend yield of 2.4569%1, which could be attractive to income-focused investors.

Growth Estimates: The growth estimate for the next 5 years (per annum) is 16.63%3

TP 98
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