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Benzinga

Business

Wayne Duggan

Why This Starbucks Analyst Says Stock Valuation Is At 'Historical Low'

Starbucks Sara Senatore Bank of America Nasdaq Starbucks Corporation China Starbucks Rewards

Starbucks Corporation (NASDAQ:SBUX) is off to a brutal start to 2022, but Bank of America analyst Sara Senatore said Monday that there's reason for optimism after taking a close look at Starbucks' quarterly demand trends.

The Numbers: Senatore said Starbucks Rewards membership growth is a leading indicator of demand for the coffee retailer. Fourth-quarter membership was up 28%.

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