We recently published Jim Cramer Didn’t Hold Back On SpaceX’s IPO & Discussed These 12 Stocks.
Starbucks Corporation (NASDAQ:SBUX) is one of the stocks discussed by Jim Cramer
Coffee chain Starbucks Corporation (NASDAQ:SBUX) is a frequent feature on Jim Cramer’s radar. For a year, the CNBC TV host has discussed the firm’s turnaround effort being led by CEO Brian Niccol. Even though market sentiment has often fluctuated for Starbucks Corporation (NASDAQ:SBUX), Cramer has kept the faith in the firm.
Stifel discussed the firm on May 7th, as it raised the share price target to $117 from $115 and kept a Buy rating on the stock. Earlier in the year, on March 9th, Wolfe Research cut the rating to Peer Perform from Outperform and pointed towards the need for sustained execution. This time, in a tweet, Cramer wondered why Starbucks Corporation (NASDAQ:SBUX) wasn’t performing well even though coffee prices had started to ease: “With the collapse of coffee and a real good game plan, surprised SBUX has fallen this hard–club name” darya-tryfanava-DmpdY8wYNps-unsplash In his appearance on Squawk on the Street on April 30th, the CNBC TV host made a big prediction for Starbucks Corporation (NASDAQ:SBUX): “SBUX could be a multi-year rocket ship here” While we acknowledge the potential of SBUX as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk.