Why Starbucks Stock Slipped on Wednesday
Wednesday morning, (NASDAQ: SBUX) posted a quarterly earnings report that beat analyst revenue expectations. That wasn't enough to lift its shares into positive territory, though they only dipped by 0.6% in price on the day.
Before market open, Starbucks served up its first quarter of fiscal 2026 results. For the period, its net revenue rose 6% year over year to $9.9 billion. That was on the back of 4% growth in global comparable store sales.
Image source: Starbucks.
Source Fool.com
Starbucks Corp. Stock
€80.84
-0.700%
The stock is one of the favorites of our community with 40 Buy predictions and 2 Sell predictions.
As a result the target price of 89 € shows a slightly positive potential of 10.09% compared to the current price of 80.84 € for Starbucks Corp..
