The Starbucks (NASDAQ:SBUX) brand is iconic with juicy margins and a new medium-term strategy promises to grow earnings quite rapidly. These are some great elements and catalysts that should contribute quite positively to the company's results moving forward. That said, the stock's current valuation appears elevated and can only be justified if management's strategy is executed as expected. Thus, there is a rather thin margin of safety for investors. Accordingly, I am neutral on the stock. Starbucks Remains Essential to Consumers One would reasonably imagine that with inflation raging and mortgages on the rise, consumers would be discouraged from spending $5 for a latte.
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Starbucks (NASDAQ:SBUX)
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Starbucks (NASDAQ:SBUX)
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