Starbucks is resetting earnings under new leadership, with analysts optimistic about potential growth.
From Yahoo Finance: 2025-04-08 11:01:00
ClearBridge Investments released its first quarter 2025 investor letter, noting growth indexes entering correction territory due to tariff implementation, U.S. economy concerns, and increased inflation. The strategy outperformed benchmarks, with the S&P 500 declining 4.27% and the Russell 1000 Growth Index falling 9.97%. Top five holdings can be found in the fund’s report.
In the same investor letter, ClearBridge highlighted Starbucks Corporation (NASDAQ: SBUX) as a key stock. Starbucks saw a one-month return of -19.66% and lost 8.18% over 52 weeks. As of April 7, 2025, Starbucks closed at $80.00 per share with a market cap of $90.874 billion. The company is undergoing an earnings reset under new CEO Brian Nicoll.
Analysts are optimistic about Starbucks stock, noting its potential for growth. While 84 hedge fund portfolios held Starbucks at the end of the fourth quarter, the focus remains on AI stocks for higher returns in a shorter timeframe. Investors seeking promising AI stocks can explore options trading at less than 5 times earnings.
Read more at Yahoo Finance: Starbucks Corporation (SBUX) is Resetting Earnings Under New Leadership