I’ve held SBUX shares for a while now, and I’m starting to get concerned. The stock hasn’t really gone anywhere lately, and I just saw it downgraded to “Underperform.” Analysts mentioned something about China not doing well and traffic being soft. Does that mean fewer people are going to stores?
Also, I keep hearing that the valuation might be too high for the current growth. I’m not great at understanding all the market terms, but does that mean the price might drop more? I believe in the brand long-term, but I’m wondering if it makes sense to hold through this or think about trimming my position.
Would love to hear thoughts. Anyone else holding and feeling the same?