The Starbucks Corporation (SBUX) has been under the limelight with multiple noteworthy updates. Financial analysts have been following and updating the company's stock forecasts meticulously, noting a 4.16% rise in its stock price on June 11. Amid intensifying competition, Starbucks has strategically planned price cuts in China. Prominent banks, like Goldman Sachs and Citi, have adjusted their price targets for the company, anticipating positive strategic developments.
Starbucks has also reported wanting to sell a stake in its China business, with it attracting considerable interest. In an innovative move to strengthen customer service, the company launched 'Green Dot Assist', an AI-powered barista assistant rolled out in partnership with Microsoft. Despite its recent efforts for a turnaround, the stock price tumbled after the Q2 fiscal year 2025 financial results were shared. Starbucks is now focusing on revamping its strategy for faster service, visible with the appointment of Mike Grams as the new COO. The company is undergoing leadership restructuring while strategizing for better customer service and directing its attention towards new market trends.
Starbucks Corp SBUX News Analytics from Tue, 28 Jan 2025 08:00:00 GMT to Sat, 14 Jun 2025 05:05:42 GMT - Rating 4 - Innovation 6 - Information 7 - Rumor 2
