Starbucks Stock Might Not Have Any Upside?

SectorFinancial Markets
CountryMiddle east

BELFAST, UNITED KINGDOM - 2020/11/16: Customers wait outside the Starbucks Coffee Shop. (Photo by ... [+] Michael McNerney/SOPA Images/LightRocket via Getty Images) SOPA Images/LightRocket via Getty Images [Updated 11/20/2020] Starbucks Update Having gained more than 73% since the March bottom, Starbucks’ stock (NASDAQ: SBUX) is close to its near term potential. Our conclusion is based on a detailed comparison of SBUX’s performance against the S&P 500 now as well as during the 2008 downturn in our interactive dashboard analysis, 2007-08 vs.

2020 Crisis Comparison: How Did Starbucks’ Stock Fare Compared With S&P 500? Due to the Covid-19 crisis, Starbucks, an American multinational chain of coffeehouses, has seen its revenues fall during FY 2020 (ended September 2020). In FY 2020, Starbucks reported an earnings beat with EPS of $0.79 and total revenues at $23.5 billion, down 11% y-o-y. Further, the company reported $1.6 billion in cash inflows from operating activities for the year. We expect Starbucks’ revenues to recover after a Covid affected year and rise by 21% to $28.5 billion for FY 2021. Further, its net income is likely to recover to $3.7 billion for FY 2021, with the EPS more...