This growth stock can still go higher

Article Excerpt

Starbucks’ Howard Schultz recently stepped down as CEO and as a director but will continue as Chairman Emeritus. We expect his successor, Laxman Narasimhan, the former CEO of U.K.-based consumer-products company Reckitt Benckiser, will continue to implement the company’s latest growth plan. That includes adding more drive-thru and pick-up only locations, and speeding up service. Starbucks also stands to gain as sales in China continue to rise following the end of COVID-19 lockdowns. These initiatives should push the stock higher in the next few years. In fact, the stock has soared about 36,000% since it first became a public company in June 1992. It has also delivered a solid 60% gain for our readers since we first recommended it at $57 in our June 2018 issue. STARBUCKS CORP. $91 is a buy for aggressive investors. The company (Nasdaq symbol SBUX; Aggressive Growth Portfolio, Consumer sector; Shares outstanding: 1.15 billion; Market cap: $104.7 billion; Price-to-sales ratio: 3.0; Dividend yield: 2.5%; TSINetwork Rating: Above Average; is a..