Massive News for Starbucks Stock Investors

By Parkev Tatevosian, CFA – May 4, 2024 at 5:10AM

NASDAQ: SBUX

Starbucks

Market Cap

$88B

Today's Change

(3.41%) $2.57

Current Price

$77.85

Price as of May 17, 2024, 4:00 p.m. ET

Starbucks experiencing headwinds as customers pull back spending.

Fool.com contributor Parkev Tatevosian evaluates Starbucks (SBUX 3.41%) stock and updates his buy recommendation.

*Stock prices used were the afternoon prices of May 1, 2024. The video was published on May 3, 2024.

Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Starbucks. The Motley Fool has a disclosure policy.

Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.