SBUX

Starbucks (NASDAQ: SBUX) recently posted its Q4 results, ending fiscal 2022 on a high note. More importantly, the company has outlined an optimistic medium-term growth roadmap, which has set the stage for record results in Fiscal Year 2023. That said, I remain cautious about the stock's elevated valuation levels, which leave little to no margin of safety for investors. Accordingly, I am neutral on the stock. Fiscal 2023 Has Begun with Robust Growth Momentum for Starbucks Following exceptional results last year and management's optimistic outlook, it appears that Starbucks has stepped into fiscal 2023 with robust growth momentum. Specifically, in fiscal Q4 results, Starbucks posted year-over-year revenue growth of 3.
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