|Bid||54.440 x 1800|
|Ask||54.450 x 2500|
|Day's Range||53.390 - 54.600|
|52 Week Range||50.840 - 64.870|
|PE Ratio (TTM)||26.90|
|Dividend & Yield||1.00 (1.90%)|
|1y Target Est||N/A|
Morgan Stanley argues that the market has adjusted for Starbucks' slowed growth rate.
The world’s leading coffee chain has a message for Silicon Valley’s biggest, most threatening companies: It isn’t about to be disrupted anytime soon. “While digital companies may win in other sectors, we will be the digital company that wins in ours,” the company’s chief strategy officer, Matthew Ryan, recently told investors. As executives at Starbucks…
Over the weekend, Barron's Alex Eule took a deep dive into Starbucks' (SBUX) digital efforts--and came away recommending investors buy the stock. In a note today, Morgan Stanley analyst Brian Hayes and team explain why they think Starbucks could be poised for a rebound: While investors continue to debate the new long-term growth rate for SBUX, our work shows that the market has already quietly adjusted to a more moderate 12-17%. More achievable long-term targets also have tactical value to shareholders, as it relieves an overhang in the stock.