Investors have lost their taste for Starbucks stock as the company faces headwinds in key markets across the globe.
SBUX .SPX YTD mountain Starbucks' year-to-date stock performance compared with the S & P 500.
At this point, the question is whether the possibility of a weak quarter and lowered guidance are already priced into Starbucks' stock.
In light of the report, we lowered our price target on Starbucks stock to $115 per share from $125, but maintained our 1 rating.
A Starbucks logo is seen as members and supporters of Starbucks Workers United protest outside of a Starbucks store in Dupont Circle, Washington, D.C., on Nov. 16, 2023.
Persons:
Jeff Marks, Michael Conway, Brady Brewer, Laxman Narasimhan, it's, Rachel Ruggeri, Morgan Stanley, reshuffling, Wells, Jim Cramer's, Jim Cramer, Jim, Kevin Dietsch
Organizations:
Down, North, Starbucks International, Starbucks, Deutsche Bank, CNBC, Starbucks Workers, D.C, Getty
Locations:
U.S, China, Israel, North America, America, Europe, Starbucks China, Wells, Starbucks, Dupont Circle, Washington