Starbucks Stock Has 17% Upside, According to 1 Wall Street Analyst

One Wells Fargo analyst says Starbucks' disappointing revised guidance for 2024 is already priced into the company's valuation.Because it lowered its estimated sales growth range for 2024 from 10%-12% down to 7%-10%, Starbucks (SBUX -2.44%) disappointed the market with its recent first-quarter results. This downward revision -- paired with the company's slowing growth rates in recent quarters -- helps explain why Starbucks' stock price currently sits 29% below its all-time highs. Management didn't revise it ...