Starbucks Corporation (SBUX) is currently at the center of both positive and skeptical views. Investors are debating over the company's future performance, owing to its volatile past. Despite disappointing past returns, Wall Street remains bullish on SBUX, considering it among the strong dividend-paying beverage stocks. The recent retirement of Starbucks' North America CEO sparked the search for a global brand leader to fortify and rejuvenate the brand.
Jim Cramer, a respected figure in the investment world, sees promise in the Starbucks brand and perceives it as a strong buying opportunity, citing the innovative approach of recently appointed CEO, Brian Niccol, as a potential game-changer. However, some legal issues taint the company's outlook, with several class action lawsuits being filed against them seeking recovery for investors.
Moreover, SBUX’s shares have been fluctuating rapidly, with a 22% gain in one month followed by a 21% drop over the year. Institutional investors continue to show strong interest, controlling approximately 74% of the company, indicating a level of trust in its longevity and potential. Finally, despite recent earnings reports missing estimates, causing stock to decline, some investors remain optimistic about the firm's future due to sales surge through global expansion.
Starbucks Corp SBUX News Analytics from Tue, 30 Jan 2024 08:00:00 GMT to Sun, 22 Sep 2024 12:00:28 GMT -
Rating -1
- Innovation 0
- Information 5
- Rumor -2
