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Starbucks: How Much Upside Is Left in the Stock Price?

Ralph Nathan
Updated
Starbucks: How Much Upside Is Left in the Stock Price?

As of September 21, Starbucks (SBUX) was trading at $57.45—a rise of 11.7% since the announcement of its third-quarter earnings on July 26. In the third quarter, which ended on July 1, Starbucks outperformed analysts’ sales and EPS expectations. Management blamed stricter regulations and the crackdown on unauthorized third-party delivery services for the decline. In order to address the delivery issues, the company partnered with Alibaba (BABA) to start delivery services in China. The announcement of the delivery partnership appears to have increased the company’s stock price.

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