Starbucks Corporation (NASDAQ:SBUX) is one of the
10 Stocks Jim Cramer Talked About & Warned About A Weak Market.
Beverage giant Starbucks Corporation (NASDAQ:SBUX)’s turnaround is a frequent feature on Jim Cramer’s radar. For more than a year, the CNBC TV host continued to defend the firm and its CEO Brian Niccol. Starbucks Corporation (NASDAQ:SBUX)’s shares are up by 2.3% over the past year and by 7.6% year-to-date. Guggenheim discussed the shares on March 5th as it raised the share price target to $95 from $90 and kept a Neutral rating on the shares. As part of the coverage, the financial firm reduced Starbucks Corporation (NASDAQ:SBUX)’s earnings projections for fiscal years 2026, 2027, and 2028. Yet, at the same time, it also increased its same-store sales growth estimate for the second quarter to 4.8%. Cramer discussed Starbucks Corporation (NASDAQ:SBUX)’s shares in detail in January as he revealed that it was a significant position in his charitable trust. He added that Niccol’s strategy had seen the firm improve its customer service standards and improve employee rosters, among other changes. In this appearance, he remarked that Starbucks Corporation (NASDAQ:SBUX)’s turnaround was doing well when compared to Nike’s:
“Brian has a plan. He has an algorithm, so to speak. He’s closing bad stores and he’s moving the company much more towards the Midwest where they don’t have enough.”
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