Why Starbucks Stock Fell 18% in April
Shares of Starbucks (NASDAQ: SBUX) took a dive in April as the company got hit by President Trump's "Liberation Day" tariffs announcement, and then again at the end of the month after it reported underwhelming results in its fiscal second-quarter earnings report.
Unlike the rest of the stock market, which drifted lower over the remainder of April after Trump put a 90-day pause on some tariffs, Starbucks stock held relatively flat, as investors seemed to believe it was at risk of a recession and a trade war with China. The U.S. and China are its No. 1 and No. 2 markets, respectively.
Source Fool.com
Starbucks Corp. Stock
€73.52
-0.780%
The stock is one of the favorites of our community with 40 Buy predictions and 3 Sell predictions.
As a result the target price of 92 € shows a positive potential of 25.14% compared to the current price of 73.52 € for Starbucks Corp..
