Shares of Starbucks (SBUX) have been picking up meaningful traction over the past month. With Starbucks' Q3 results coming in better than expected, the coffee giant may have permission to claw higher going into year's end. Even with several macroeconomic headwinds that could take a stride out of Starbucks' step, expectations seem way too low right now, as it has intriguing catalysts that could help turn it from ice-cold to scorching hot. I remain incredibly bullish on Starbucks stock at around $85 and change per share. Undoubtedly, Starbucks is a discretionary play that faces considerable downside potential in the face of a recession-driven market-wide plunge.
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Starbucks (NASDAQ:SBUX)
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Starbucks (NASDAQ:SBUX)
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Von Sep 2021 bis Sep 2022 Click Here for more Starbucks Charts.