Like Wall Street, we’re optimistic about Starbucks’ long game

The Starbucks logo is seen on a cup in this photo taken in the airport cafe in Charleroi, Belgium, July 27, 2023.

Jakub Porzyck | Nuphoto | Getty Images

A number of Wall Street companies have raised their price targets. Starbucks (SBUX) following the coffee maker’s remarkable quarterly report last week and continued signs that management is doubling down on investment in the company, further underscoring why we are long-term shareholders of this iconic brand.


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