SBUX - Should You Buy Starbucks Stock While It's Down 41% From Its All-Time High?
2024-07-13 18:08:00 ET
Shares of Starbucks (NASDAQ: SBUX) have poured a grande-size dose of disappointment, down more than 41% from their all-time high nearly three years ago.
The coffeehouse leader has struggled to navigate a sales slowdown amid shifting consumer spending, leading the market to question whether the days of caffeine-fueled high growth are over.
At the same time, it's hard to bet against this industry leader, supported by its globally recognized brand. The current volatility and poor market sentiment could offer investors an opportunity to pick up shares of a great company at a discount.
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Should You Buy Starbucks Stock While It's Down 41% From Its All-Time High?